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Advance received for supply of goods, Goods and Services Tax - GST |
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Advance received for supply of goods |
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My query is whether a composition dealer is liable to pay tax on advance received for supply of goods in future. whether Notification No 66/2017 has excluded composition dealer from exemption of payment of tax on advance receipt from supply of goods Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Yes Notification No 66/2017 has excluded composition dealer, therefore applicable GST has to be upon receipt of advance.
Yes. Exemption is not admissible. There is not even an iota of doubt. Page: 1 |
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