GST Would be applicable on Advance Payment to Raw Material Vendor?
3 Replies
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 01 June 2018
No. GST is not payable at the time of payment of advance for supply of goods.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 01 June 2018
CGST Notification no. 66/2017 exempts all taxpayers from payment of tax on advances received in case of supply of goods
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