Gst on advance rec

09 November 2017

i have received advance payament than gst is applicable in advance payament or not...

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178421 Points)
Replied 09 November 2017

If your gross turnover is below 1.5 Cr in PY....... no GST over advance payment.....

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vikram kerekar (1244 Points)
Replied 09 November 2017

my g.t. is more than 1.5 cr

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178421 Points)
Replied 09 November 2017

Yes, then RCM over advance applicable........

Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3292 Points)
Replied 09 November 2017

GST is applicable on advances.

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