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Advance payment Received

Rajat Gupta (4 Points)

26 June 2017

ADVANCE PAYMENT RECEIVED FROM CUSTOMER THEN TIME OF PAYMENT REC. GST APPLICABLE ON THIS TIME.

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Vineet Aggarwal (Accounts Officer) (316 Points)
Replied 26 June 2017

If u have received advance payment before 30th jun existing law apply but if u invoice after 01st july then gst law apply and differential tax will be charged except construction and real estate industry

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