Advance received by composition dealer
Vishnu Das (145 Points)
16 April 2021
A composite service provider providing room services ,should he need to pay gst on advance received
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 April 2021
Discharging GST at one rate at the time of advance receipt and different rate applicable at the provision of service. Typical example could be at the time receipt of advance, hotel might have paid GST @ 18% but the room provided having a tariff between Rs. 1,000/- to Rs. 7,500/- where the rate of GST is 12%.
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 16 April 2021
Yes service provider needs to discharge gst liability on advance received
sabyasachi mukherjee
(27579 Points)
Replied 17 April 2021
The concept says
that gst is payable if the following conditions are satisfied:
1. the intention of the individual dealing in goods or services.
2. for furtherance of business
3. the taxable person intends to receive advance for furtherance of business.
4. must raise invoice
5. but after full work has been completed.
He can raise gst.
that gst is payable if the following conditions are satisfied:
1. the intention of the individual dealing in goods or services.
2. for furtherance of business
3. the taxable person intends to receive advance for furtherance of business.
4. must raise invoice
5. but after full work has been completed.
He can raise gst.
Recent Topics
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
- Need your valueble insight.
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
Related Threads
CAclubindia
