GST Liability in case of advance received from Customer
Shashi Kant Singhal (Accounts & Finance Professional) (28 Points)
10 June 2017Shashi Kant Singhal (Accounts & Finance Professional) (28 Points)
10 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 10 June 2017
Dear Sir,
GST on advance has to be paid by the receiver of the advance.
There may be no adjustment in Invoice format but there is definitely an adjustment in Return format.
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