We are doing Construction Business we are starting New Project Now I want to know that now only we are starting Constructions work we are receiving advance From Party Now i i want to show the advance amount in GSTR 3 B and pay the Tax or i can pay the tax while we have completed the house work fully and show the total amount in GSTR 3B and pay the Tax .
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Gst payment of advance reecived from party in gst
Replies (3)
Now it is not Mandatory to pay GST on advance receipt.
You can pay when the final bill will be raised.
You can pay when the final bill will be raised.
yes it's required to pay GST on receipt of Payment (Advance only).
payment or Invoice which is earlier
payment or Invoice which is earlier
you have to pay tax on advance
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