GST impact on advance received from customer
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Advance received
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no GST on advance
From 15.11.17no tax applicable
Thanks
What is the notification no.? for No GST on advance
but only for turnover below 1.5 cr
66/2017-Central Tax ,dt. 15-11-2017
| Originally posted by : Surojit Kumar | ||
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GST impact on advance received from customer |  |
No GST on advance received in case of supply of Goods.
Notification 66/2017-Central Tax ,dt. 15-11-2017 - "Seeks to exempt all taxpayers from payment of tax on advances received in case of supply of goods"
No GST on Advance received in case of supply on Goods But still GST applicable in case of advance of supply service.
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