GST on advances that has been carried forward after 30th june 2017.

396 views 5 replies
if we have received advance from our customers before 30th june. Now we carrying forward these advances after 1st july, will I have to charge GST over these advances.?
Replies (5)
no gst will not be charged on these advances
no gst will not be charged on these advances
Thank You Sir.

I have a question...

If Mr. Sohan (Jharkhand) supplies goods to Mr. Mohan (Delhi) on a continuous basis. Mr. Sohan sent goods worth Rs. 1,00,000 on 15th July for which Mr. Mohan made an advance payment (Part Payment) on 12th June..... When raisng bill in July after implementation of GST  Will GST apply?

Means Mr. Sohan has to raise GST Bill or Other bill....

Plz Ans....

Since Mr. Sohan will be raising Bill in July under GST Regime then Invoice will be prepared as per GST Rules and GST will be levied on that sale.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 29 June 2026
Article Assistant

Alvino Consultancy LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details