Gst payable on advance received against services
This query is : Resolved
24 August 2018
Dear Sir,
We have received some Advance Amount from Government as Advance against "Works Contract". Is this amount attract GST Liability as GST Payable in Advance?
We have received some Advance Amount from Government as Advance against "Works Contract". Is this amount attract GST Liability as GST Payable in Advance?
24 August 2018
Yes, GST is payable on the advance amount received.
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