Advance receipt., Goods and Services Tax - GST

[Narendra Soni]

Dear Experts,

1.Whether GST is payable on the date of receipt of advance or payable before filing monthly return on 20th of next month.

2.How adjustment of GST will be made if GST paid on advance and the material is despatched in the same month of receipt of advance.How invoicing will be made at the time of actual despatch?

3.Whether GST is payable on receipt of advance ment for export supplies.If Yes, what will be for GST paid on advance if the material is exported under Bond/LUT.

Posts / Replies

[Narendra Soni]

Dear Experts, we are awaiting suggestion to the query, kindly provide your expert view.