Advance payment received..

08 July 2017

is it mandatory to give details of advance received and adjusted against partial supply against purchase order.??

Reply
Follow
Share

4 Replies

Neljo Davis ACA (Consultant) (630 Points)
Replied 09 July 2017

Registered person are liable to issue receipt voucher and pay tax on receipt of advance. Those details need to be disclosed in the returns....

Virag Gandhi (22 Points)
Replied 09 July 2017

is it mandatory to mention in Tax Invoice??

VJ Hebbar (Asst. Manager) (529 Points)
Replied 09 July 2017

@ Virag Gandhi yes.

Virag Gandhi (22 Points)
Replied 09 July 2017

thanks VJ Hebbar and Neljo Davis ACA

Start a New Discussion