query abt advance
This query is : Open
18 August 2017
i received 1 lac from buyer in the month of july, i returned back 1 lac in the month of Aug due to cancel of deal. what is the treatment of it in gst. pls explain in details.
18 August 2017
System as per GST law is to pay GST on advance for July and issue credit note and adjust GST in the month of August.
N Jain
group.blr@gmail.com
N Jain
group.blr@gmail.com
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