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GST applicable Advance received from Customer, Goods and Services Tax - GST

Issue Id: - 115366
Dated: 28-8-2019
By:- Vivek anandhan
GST applicable Advance received from Customer

  • Contents

Dear Expert

We are a manufacturer and annual turnover above 1.5 crore. If we receive advance whether we need to pay GST.

Regards

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Posts / Replies

Showing Replies 1 to 9 of 9 Records

1 Dated: 28-8-2019
By:- DR.MARIAPPAN GOVINDARAJAN

I think advance will not attract GST


2 Dated: 28-8-2019
By:- Himansu Sekhar

If it is for goods, no. GST


3 Dated: 28-8-2019
By:- Himansu Sekhar

Notification No. 66/2017-C.T., dated 15-11-2017

 


4 Dated: 28-8-2019
By:- Himansu Sekhar

As per the GSt concept & status released by the Department on 01.08.19

Para- 9.4.9 Payment of Tax: 9.4.9.1 There shall be no requirement on payment of tax on advances received for supply of goods by all taxpayers.

Please go through the entire paper. It is useful


5 Dated: 28-8-2019
By:- Vivek anandhan

Noted, Thanks to all,

It is very clear that GST will not attract Advance for supply of goods.

Also whether we need to show advance received against supply of goods information in GSTR-1


6 Dated: 28-8-2019
By:- MUKUND THAKKAR

Need not required show in GSTR-1, if advance received against supply of goods.


7 Dated: 28-8-2019
By:- KASTURI SETHI

I support the views of all the experts.


8 Dated: 2-9-2019
By:- Ganeshan Kalyani

Goods and services are taxed equal . So when there is lot tax on advance received toward supply of goods the the same exemption to apply for supply of service as well.


9 Dated: 2-9-2019
By:- Ganeshan Kalyani

Please read "no" inplace of "lot".


1

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