Can anybody guide me , if advance payment received before 01/07/2017 and taxable goods not delivered yet, then in such cases do we need to create advance reciept or what
6 Replies
Amit Choudhary
(Finance Exicutive)
(193 Points)
Replied 06 August 2017
advance received before 1/7/17 will not be attract any advance received or payment of gst on that much advance.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 August 2017
No...
No more effects on GST before received advances. So, don't worry for supplies after July 2017.....
No more effects on GST before received advances. So, don't worry for supplies after July 2017.....
Meet Shah
(ACA)
(178 Points)
Replied 07 August 2017
You need to raise advance performa invoice on the day u received the advance
Mahesh Shaha
(303 Points)
Replied 07 August 2017
| Originally posted by : Meet Shah | ||
 |
You need to raise advance performa invoice on the day u received the advance |  |
Do you mean though advance received before GST impact
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 August 2017
@ Mahesh Shaha.,
Don't be confused... Previous Tax regime's advance is not under GST. How you deal before GST as per handle the advance. After GST you handle the advance as per GST...
Don't be confused... Previous Tax regime's advance is not under GST. How you deal before GST as per handle the advance. After GST you handle the advance as per GST...
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