advance received for renting a shop
it will effect in gst or not
4 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 14 September 2018
GST on Advance related to Services is still applicable, so you need to pay gst on advance.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 14 September 2018
No... GST not applicable for the above said Advance.
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 14 September 2018
Sir why not applicable? 😑 @ Raja P M
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