Gst at receipt of advance

Shivani (Learner) (1881 Points)

19 January 2018  

Dear Friends

Proviso to rule 50 of CGST Rules says

Provided that where at the time of receipt of advance,-

  1. the rate of tax is not determinable, the tax shall be paid at the rate of 18%;
  2. the nature of supply is not determinable, the same shall be treated as inter-State supply.

 

My question is that when its becomes known that the supply was actually Intra-state or when it becomes known that the tax rate was actually 12%, then what needs to be done by the supplier and the recipient?

 

regards

shivani