GST ON ADVANCE RECIEPTS
Query (Issue) Started By: – OM PRAKASH Dated:- 12-12-2017 Last Reply Date:- 13-12-2017 Goods and Services Tax – GST
Got 3 Replies
GST
PLEASE UPDATE ……IT IS NECESSARY TO DEPOSITED TAX ON ADVANCE PAYMENT
\nReply By Somil Bhansali:
\nThe Reply:
\nIn case of supply of service ,supplier is liable to pay tax on the amount of advance is received.However in case of supply of goods ,supplier is not required to pay tax on amount of advance received.
\nReply By PAWAN KU<\/p>\n
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