vivek kumar (ariticle) (45 Points)
15 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 15 September 2017
vivek kumar
(ariticle)
(45 Points)
Replied 15 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 15 September 2017
Sumati Bengani
(1)
(1570 Points)
Replied 15 September 2017
As per Rule 47 of CGST Rules 2017, the invoice need be issued within 30 days form supply of service.
Sec 31(2) says " A registered person supplying taxable services shall, before or after the provision of service but within a prescribed period, issue a tax invoice..."
The prescribe period is 30 days in case of supply of services.
Further, as per Rule 50 of CGST Rules, while receiving advance payment you must issue an "Receipt Voucher" (the particulars are mentioned in said rule).
In your case, as the advance is recived in August and service is likely to be provided in Nov 2017, then you should issue a 'reciept voucher' to party making advance payment and after service is provided, issue a tax invoice. Further, if the rate of GST on said service is not known at the time of receipt of advanec then pay GST @ 18%.
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 15 September 2017
| Originally posted by : vivek kumar | ||
 |
providing farm house for marriage function. |  |
You ll be create and give Receipt Voucher as per GST. Also you pay the Tax on Advance related on before August return (Also advance related tax payments on or before the month end).
Finally issue a tax invoice on Nov-17 also you ll be show the advance related details in that Invoice. then, When you file the Nov-17 return then you ll be less the tax liability or Adjust your any libility to the advance tax...
vivek kumar
(ariticle)
(45 Points)
Replied 15 September 2017
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 15 September 2017
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