GST on advance received towards taxable supplies

11 January 2019

pl let me know whether Gst is applicable on advance amount received towards supply of taxable supplies later on.

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 11 January 2019

No if it's supply of goods...

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Sarath Rajendran (Nil) (2791 Points)
Replied 11 January 2019

If it is a supply of goods you must liable to pay GST on advance

otherwise no such GST liability on advance

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 11 January 2019

GST not applicable on Advance against Supply of Goods...

1 Like

Sarath Rajendran (Nil) (2791 Points)
Replied 11 January 2019

Originally posted by : Sarath Rajendran
	If it is a supply of service you must liable to pay GST on advance otherwise no such GST liability on advance

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 11 January 2019

அவசரமா, இல்லை வேகமா பா

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Sanjiv Rajpoot (3430 Points)
Replied 14 January 2019

advance received against goods are not taxable

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