GST LIABILITY AGAINST ADVANCE RECEIVED FROM CUSTOMERS

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..... Can we adjust GST Liability on advance received from customers against ITC available during the month or we have to make cash payment only like RCM. - Reply By Rajagopalan Ranganathan - The Reply = .....

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..... Sir, You can adjust GST Liability on advance received from customers against ITC available during the month. There is no prohibition against such adjustment in CGST Act, 2017 . - Reply By KASTUR .....

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..... I SETHI - The Reply = Yes. Undoubtedly you can. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You have to issue a bill incorporating the value of transaction with GST and then you adjust the adva .....

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..... nce payment made and GST in the invoice. - GST LIABILITY AGAINST ADVANCE RECEIVED FROM CUSTOMERS - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 14-10-2017 Goods and Services Tax - GST - Got 3 Re .....

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..... plies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT .....

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..... ax .....

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