GST advance receive any changes in October
Rinku Kushwah (12 Points)
09 October 2017
what is the GST advance payment for any change in October
2 Replies
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 09 October 2017
The taxpayers having annual aggregate turnover up to Rs. 1.5 crores will not be required to pay GST at the time of receipt of advances on account of supply of goods. The GST on such advance received will be payable only when the supply of goods is made. This has been decided in the 22nd GST Council Meeting.
Lalit Modi
(CA Business)
(25 Points)
Replied 14 November 2017
Is there an official notification for the same?
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