GST – Frequently Asked Question

Goods and Services Tax – GST – Dated:- 28-10-2017 – Q. If reverse charge is suspended till 31.03.2018, will GTAs have to pay tax under forward charge from now on? Ans. No, reverse charge is being suspended only for purchases made by registered persons from unregistered persons. Reverse charge liability as notified under section 9(3) of the CGST Act, 2017, will continue to be applicable. Q. Is it correct that one does not need to pay GST on the advance amount received for any supply? Ans. No, the correct position is that the liability to pay GST on supply of goods shall not arise at the time of receipt of advance. GST shall have to be paid when the supply of goods is made. Please note that this is only applicable for a registered person hav

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Leave a Reply