TMI BlogGST on advanceX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts - When we receive advance against supply, the amount received to be treated as net of tax or including tax. If the goods are supplied within same month, how to show tax in the invoice. If ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the goods are supplied in subsequent month, how to adjust the tax/ show in Invoice. Thanks. - Reply By MUKUND THAKKAR - The Reply = GST is applicable in case of advance received against supply or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... services. in your situation please refer following Adavnce received in month of July-2017 1,00,000 Goods supply in the same month (July) 50,000 Balance advance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with you 50,000 GST PAYABLE ON BALANCE ADVANCE WITH YOU 50,000 - Reply By Narendra Soni - The Reply = Dear Sir, If advance is received against an export order, which will b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e exported in next month under bond/LUT.Kindly confirm Is tax payable in the month of receipt of advance against export without payment of IGST. - Reply By MUKUND THAKKAR - The Reply = Dear soniji. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No need to pay the IGST if advance received for export. if you want to clear under LUT or Bond. you are exporting the goods not Taxes. - GST on advance - Query Started By: - Murari Agrawal Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 20-6-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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