Tax payment
This query is : Open
18 September 2017
Dear Experts
We have raised invoice by charging 18% gst in the month of August however we have recd only 30 % payment from the party till 15 sept..the supply of service is already completed & this 30% is not an advance.
So weather we have to pay GSt on 30% i.e amt recd or on Invoice Amt..??
Regards
Priyank
We have raised invoice by charging 18% gst in the month of August however we have recd only 30 % payment from the party till 15 sept..the supply of service is already completed & this 30% is not an advance.
So weather we have to pay GSt on 30% i.e amt recd or on Invoice Amt..??
Regards
Priyank
18 September 2017
You have to pay on invoice amt
18 September 2017
Thank you Mam..
But this is something harsh provision for Supplier because Even if he doesn't received a single penny of Rupees he still have to pay tax from his pocket..
But this is something harsh provision for Supplier because Even if he doesn't received a single penny of Rupees he still have to pay tax from his pocket..
18 September 2017
Yes its wrong but there is also provision in act that of you dont receive amt within 6 month you have to reverse such amt..
18 September 2017
Ok. Can you plz refer me that section also.
And thank you for solving my Concerned issue.
And thank you for solving my Concerned issue.
18 September 2017
Will reply you shortly.
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