GST impact on advance received from customer
8 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14863 Points)
Replied 24 November 2017
What is the notification no.? for No GST on advance
harsh ghundiyal
(for updates)
(357 Points)
Replied 24 November 2017
but only for turnover below 1.5 cr
Anisha
(Finance)
(69 Points)
Replied 24 November 2017
| Originally posted by : Surojit Kumar | ||
 |
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"
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 24 November 2017
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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