Hi
In a software company the contract is finalized but amount is received in 3 or 4 parts as the clients pay advance basis completion of project and pay GST only during final payment.
when should the GST be paid considering that GST is paid by client only during final payment.
Menu
GST applicability for software company
Replies (3)
gst in case of software company comes under supply of services
gst on full consideration
gst on full consideration
You Have to pay gst on advanced received against service...treat amount received as inclusive of tax and pay.
Yes GST is applicable on advance towards Services , hence pay GST on advance Reced.
Recent Topic
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
Related Topics
CAclubindia
