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How much gst to pay
if I have received advance Rs 10000 under services @ 18% then how much to pay as advance GST .
Replies (2)
10000/1.18*.18=1525 u have to pay
For supply service - yes, tax to be paid @ 18%.
For the supply of goods - advance received is not subject to GST. The entire amount will be taxed on the issue of the invoice (w.e.f. 15th November 2017).
For the supply of goods - advance received is not subject to GST. The entire amount will be taxed on the issue of the invoice (w.e.f. 15th November 2017).
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