who has to pay GST on Advance payment
1. Buyer or
2. Supplier
The supplier has to pay GST on receipt of advance payment. Except in the case of reverse charge the buyer i.e., receipient shall pay GST on advances.
Maganti Ramakrishna (51 Points)
25 May 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 25 May 2017
The supplier has to pay GST on receipt of advance payment. Except in the case of reverse charge the buyer i.e., receipient shall pay GST on advances.
Ajay Gulati All
(2 Points)
Replied 25 May 2017
srinaveen
(CA)
(78 Points)
Replied 26 May 2017
manohar
(accounatnt)
(22 Points)
Replied 14 July 2017
What about advances received prior to June-30. Has GST to be paid on advances received prior to June-30 2017
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