Adjustment of advance during GST regime

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..... Dear Expert Please guide me how to adjust advance amount received from Customer on EPC contract during GST regime.Let say we got a EPC contract of INR 1000/- which is divisible contract (consist o .....

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..... f supply of INR 800/-+ engineering INR 200/-) we got a 10% advance on INR 1000/- i.e INR 100+ Service tax on INR 200/- i.e INR 20/- deposited the st liability to the government. How to adjust a .....

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..... dvance amount its service tax while raising invoice on post GST regime. Best regards Parth - Reply By piyush agarwal - The Reply = In my view, The date you will receive advance you .....

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..... need to issue a receipt voucher. Further when you raise Tax invoice you need to show full value of taxable service of ₹ 1000 and need to charge GST @ 18% on 1000 ie 180 less GST adjusted with a .....

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..... dvance 200. Total (1000+160= 1160) - Adjustment of advance during GST regime - Query Started By: - Partha Sarkar Dated:- 13-6-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Foru .....

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..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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