05 July 2021
I am a Real Estate Agent and I am rendering services to a developer or to a client. The question now comes is when wil I have to deposit GST to the government. Only after receiving from the developer or client or when I am raising an invoice. If in case the developer or client does not make me a payment then why should I pay in advance the gst
05 July 2021
Under GST, there is no concept of payment of tax on receipt basis. The supplier has to be pay tax upon invoice. Further, in case of services, tax has to be paid even on advances received if the invoice is not raised within the time limit specified.
07 July 2021
The replies are astonishing, the developer does not pay even for months at times then what is the solution to it. Our money is blocked up under GST. Moreover if there is no security of refund of GST on invoice raised how will it solve the issue
CAclubindia
