I want to know if we need to pay GST for advance received from overseas buyer, future exports; which is zero rated tax
Is gst payable on Advance received for zero rated supplies?
Shravan (Business) (21 Points)
04 August 2017
Dr A SUBRAHMANYAM
(CEO)
(95 Points)
Replied 04 August 2017
Yes. Mr Anupam is right. In this case, GST is payable on advances at 0%