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GST on Advance, Goods and Services Tax - GST |
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GST on Advance |
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Advance received from the customer which includes value + GST in the month of August’21 and goods supplied against the same in the month of October’21. Is the supplier required to pay interest since the goods not supplied in the same month? In my view yes, since the advance received is with GST and goods not supplied in the same month. Views of the experts please. Posts / Replies Showing Replies 16 to 17 of 17 Records Page: 1
Sh. Amit Agrawal Ji, First of all no need for apology. Nobody is perfect. I am also prone to errors. Secondly, on the issue no person intends to face the rigours of litigation as far possible.
Pl. read 'as far as possible'. Everyone has right to express one's views on this forum. Without going into jugglery of words and in simple words, one cannot retain Govt.revenue in one's own pocket beyond limitation. Why to invite SCN unnecessarily ? Is there shortage of legal provisions ? Page: 1 Old Query - New Comments are closed. |
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