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GST on Advance payment
gst is applicable on Advance payment or on invoice?
Replies (2)
Under GST, tax would be payable
even on advances received against supply of goods and balance tax would
be payable on final invoice in which the advance is adjusted
1.In the month of June if books shows the advances, then how it will be treated under gst?
2. Also later customer site is on delay and dey ask supplier to refund the advance, then how it will be treated?
2. Also later customer site is on delay and dey ask supplier to refund the advance, then how it will be treated?
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