Is Gst payable on advances

sumeetjeswani (student) (73 Points)

17 January 2018

Is gst payable to vendor who on advance payment in case of non rcm basis?

is is same applicable to rcm basis?

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4 Replies

Aakash Jain (30 Points)
Replied 17 January 2018

yes, gst will be payable on advances.....

Manu Kumar Rana (New Updates ) (358 Points)
Replied 17 January 2018

No GST on advance received against supply of GOODs for assesses having aggregate turnover up to Rs. 1.5 ,

For service , GST is applicable on advance

Harish Chand Saini (226 Points)
Replied 18 January 2018

in case of service GST on advance is applicable

Manu Kumar Rana (New Updates ) (358 Points)
Replied 18 January 2018

yes, GST is applicable on service

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