how to consider advance received from parties in GST
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 05 October 2017
When you receive the advances you will have to pay the GST.
For eg:
If you receive advance of 118 rupees on 1-10-17. you will have to pay the gst for the same for the month of oct.
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 05 October 2017
pradeep kumar
(245 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 05 October 2017
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 05 October 2017
revese of the same.
VI$H@L G@G
(Asstt. Excise & taxation Manager ( Pearl Group))
(45 Points)
Replied 05 October 2017
Mr. Avinash ...
I am agreed with your answer but not agree your Example ... "If you receive advance of 118 rupees on 1-10-17. you will have to pay the 18 rupees for the same for the month of oct".
GST pay total amount so 118X 18% not 100 X 18%
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 05 October 2017
Ok Thank you.
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 05 October 2017
Avinash Jeevan Dsouza
(Assistant In Charge Accountant)
(3284 Points)
Replied 11 October 2017
What are the HSN code for below. 1. Renting of immovable property (Commercial use) 2. Frieght charges collected ( Goods transfort ) 3. Frieght charges paid ( GTA, under RCM) 4. Health service provided by the Hospitals (Exempted Service)
Read more at: https://www.caclubindia.com/forum/hsn-code-for-renting-of-commercial-property-health-services-429667.asp
anshul aggarwal
(Consultant)
(1074 Points)
Replied 11 October 2017
anshul aggarwal
(Consultant)
(1074 Points)
Replied 11 October 2017
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
