HAI
Is gst to be collected on the advances received from sep 2018 till now and to be shown in gstr as advances?
Pls clarify
siva andhavarapu (ca final) (388 Points)
10 March 2019HAI
Is gst to be collected on the advances received from sep 2018 till now and to be shown in gstr as advances?
Pls clarify
Paresh Raut
(other)
(264 Points)
Replied 10 March 2019
Only if you are service provider. For goods supplier, no GST over advances.
siva andhavarapu
(ca final)
(388 Points)
Replied 10 March 2019
SIR
IF IT IS SUB CONTRACT THEN WHAT IS THE RULE?
Parinati Shastri
(acct)
(179 Points)
Replied 10 March 2019
Sub contractor is categorized under works contract service, hence GST is required to be paid for advances.
pritesh
(CA Final student)
(7101 Points)
Replied 11 March 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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