GST applicable

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25 Points Joined January 2021
If I book a value of 5Cr as receivables in Journal Voucher on books of accounts of a Cine artist once the film contract has been signed.Will it be liable for GST or only for the amounts crediting in the bank account.
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On 17 February 2021 at 19:13 Report
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Practicing Chartered Accountant
1105 Points Joined January 2011
Gst liability arise on supply of service . gst on advances is not applicable.
gst liability will according to completion of service or bill
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On 21 February 2021 at 00:04


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