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TURNOVER GST REGISTRATION
Whether Advance received for Supply of Service is considered for threshold limit for GST REGISTRATION ?
Replies (3)
No......... advances do not cover under Defination of Aggregate Turnover under section 2(6) of the CGST Act
No not considered
Aggregate turnover” means the aggregate value of all taxable supplies
& Taxable supply has been broadly defined and means any supply of goods or services or both which, is leviable to tax under the Act.
In view of above definition Advance is also taxble .. ?
& Taxable supply has been broadly defined and means any supply of goods or services or both which, is leviable to tax under the Act.
In view of above definition Advance is also taxble .. ?
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