Tax liabilitity
UTTAM BARANWAL (14 Points)
04 May 2018
what's Tax liabilities (Advanced Received) in Gstr1 of the no. of point - 11A(1), & 11A(2) ....? Plz explain ...
3 Replies
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 04 May 2018
Tax which is to be discharged as per section 13(2)(a).
Note- As per notfication-66-CT, no tax on advance to be paid for sale of goods.
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 04 May 2018
No for advance you cannot adjust your turnover
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