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Advance from customers

Goods and Services Tax - Started By: - MohanLal tiwari - Dated:- 10-6-2017 Last Replied Date:- 11-6-2017 - Sir, We are manufacturer of tailor made castings / machinery parts meant for a particular customer for their specific use. We are generally tak .....

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will be payable on such advance as per rate applicable for goods, kindly advise for :- 1. Whether we should charge GST in our Proforma Invoice for advance payment. 2. Whether Buyer is legally bound to pay GST alongwith advance payment. 3. Whether th .....

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the accounting will be done for such advance payment of GST. - Reply By Himansu Sha - The Reply = In my view taking ITC is doubtful. The condition as prescribed under sec. 16 is receipt of goods which is satisfied in the instant case.I would like co .....

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