GST on advance paid in June-17
Query (Issue) Started By: – Mayuri Shete Dated:- 7-9-2017 Last Reply Date:- 9-9-2017 Goods and Services Tax – GST
Got 7 Replies
GST
If we have paid advance to URD of ₹ 50,000\/-in the month of June-17, recd invoice in the month of July-17 for ₹ 75000\/-,we have to pay GST on 75000\/- or balance amt of ₹ 25,000\/-?
\nplease advise.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nIn my view, GST is applicable on 75K.
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nMadam,
\nIf you had paid service tax on the advance amount of ₹ 50,000\/- and included the same in the return for the period April 2017 to June 2017 you need not pay gst again on the amount. If not, you have to pay gst on the entir<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST on advance paid in June-17 Query (Issue) Started By: – Mayuri Shete Dated:- 7-9-2017 Last Reply Date:- 9-9-2017 Goods and Services Tax – GSTGot 7 RepliesGSTIf we have paid advance to URD of ₹ 50,000\/-in the month of June-17, recd invoice in the month of July-17 for ₹ 75000\/-,we have to pay GST on … Continue reading “GST on advance paid in June-17”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7651","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7651"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7651\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n