Gst advance payment

any amount recd in furtherance of business it will be taxed , what is the nature of deposit/ any amount from debtors it should again on business relationship only  if it employees the status is different ofcourse you are allowed to accept any deposit . 

       Comparision of                                   Pre GST                           and                              Post GST scenario

1 )   Advance paid along with order... will be credited to party a/c........................will be taken against the supplies and GST is charged (at the same time when

                                                                                                                              final invoice is made it is adjusted and balance GST is only paid ( ref GSTR                                                                                                                                         classifications released by Council)

2 )  Own branch transfer......................no tax but exchange of Form F......................but in GST it is IGST is charged and taken as credit in the receiving branch

                                                                                                                              ( that is why GST registration is required under State wise ) 

3)   issue receipt of statutory forms..........Form C / Form H / Form D ( VAT)..............in GST no exchange of forms only pay and take credit ( since the GST law is                                                                                                                                  made on supply theory and till it reaches the consumption state it is taxed and                                                                                                                                      credit taken accordingly - supply chain )

4) VAT/Central Excise/ Service Tax return...........Form 1 / Form 1 / ST 3/ ER 1/etc................only GSTR 1 - 2 -3 with necessary approval of the both buyer and                                                                                                                                                   seller which is again supply chain authority)

5) Products code nos /....................................Commodity code........................................HSN ( Harmonised system Nomenclature ) should be mentioned

6) Practice of revised bill / CN & DN....................No allowed at primary entry level..............in should be shown in the GSTR 1 return all 

7)REgistered / Un registered supply..................Declare based on turnover.......................to be entered and summed up in the GSTR 1 and pay tax

what is the treatment if I received an advance in bank a/c of another branch 

this post is only abt Advance gst if anyone knows about this please anwser as soon as posible

Hey, everyone, I have a Query in GST accounting entry of the advance receipt voucher, How can I treat this in tally ERP 9, and what if I received the money in bank a/c of another branch plz reply asap