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ADVANCE RECD PRIOR TO GST

Goods and Services Tax - Started By: - sachin shilamkar - Dated:- 19-6-2017 Last Replied Date:- 9-11-2017 - We have recd some advance from customer against which we will make supply after 1st July (implementation of GST). What will be the tax applica .....

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By sachin shilamkar - The Reply = AS PER CURRENT TAXATION THERE IS NO TAX APPLICABLE ON ADVANCES RECEIVED FOR SUPPLY OF GOODS AND SERVICES. WHAT WILL BE THE TAX APPLICABLE UNDER GST ON THE ADVANCE WHICH IS RECEIVED PRIOR TO GST PERIOD. - Reply By MUK .....

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indicated the date and advance receipt voucher also. present law is not attract the duty against the advance receipt in case of supply of goods. - Reply By sachin shilamkar - The Reply = Dear Mukundji,Our query is related to supply of Goods only. Adv .....

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