TMI BlogGST ON ADVANCE RECIEPTSX X X X Extracts X X X X X X X X Extracts X X X X ..... PLEASE UPDATE ......IT IS NECESSARY TO DEPOSITED TAX ON ADVANCE PAYMENT - Reply By Somil Bhansali - The Reply = In case of supply of service ,supplier is liable to pay tax on the amount of advance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is received.However in case of supply of goods ,supplier is not required to pay tax on amount of advance received. - Reply By PAWAN KUMAR - The Reply = Dear Sir, as per my view, no need to pay tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on advance receipt in case of goods, however in case of services tax is to be paid. - Reply By Ganeshan Kalyani - The Reply = GST on advance against goods is not liable to be paid vide Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 66/2017 Central Tax. GST is payable by the supplier is he receives advance payment. - GST ON ADVANCE RECIEPTS - Query Started By: - OM PRAKASH Dated:- 12-12-2017 Goods and Services Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|