Gst on advances from customers
This query is : Open
01 December 2017
Hi Friends,
Is still GST is to be paid on advances from customers ? Is there any change now.
Best Regards,
Nagaraju
Is still GST is to be paid on advances from customers ? Is there any change now.
Best Regards,
Nagaraju
01 December 2017
Yes, GST is not payable on advances received by the supplier.
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...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Company Incorporation - CA and directors signing from different states
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
