Poonawalla fincorp
Poonawalla fincorp

Gst on advances from customers

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(Querist)
01 December 2017 Hi Friends,

Is still GST is to be paid on advances from customers ? Is there any change now.

Best Regards,
Nagaraju
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Udaya Chandran

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Udaya Chandran (Expert)
01 December 2017 Yes, GST is not payable on advances received by the supplier.
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RAJA P M

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RAJA P M (Expert)
01 December 2017 Yes... Changes made on 23rd GST council meeting... No more tax liability on advance from 15th November for Supply of Goods... But, If you received advance for supply of Services then You ll be pay GST Tax on Advance...
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