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.
What about advances received prior to June-30. Has GST to be paid on advances received prior to June-30 2017
Shyam Joshi & Associates
Pune
B.Com
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R P S K & Associates
Nashik
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
