GST LIABILITY AGAINST ADVANCE RECEIVED FROM CUSTOMERS

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 14-10-2017 Last Replied Date:- 16-10-2017 – Can we adjust GST Liability on advance received from customers against ITC available during the month or we have to make cash payment only like RCM. – Reply By Rajagopalan Ranganathan – The Reply = Sir, You can adjust GST Liability on advance received from customers against ITC available during the month. There is no prohibition against such adjustment in CGST Act, 2017. – Reply By

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