GST on advance paid in June-17

[Guest]

If we have paid advance to URD of ₹ 50,000/-in the month of June-17, recd invoice in the month of July-17 for ₹ 75000/-,we have to pay GST on 75000/- or balance amt of ₹ 25,000/-?

please advise.

AI Summary

GST on Advance Payment to Unregistered Dealer: Does it Apply to Full Amount or Only Remaining Balance? A query was raised regarding the Goods and Services Tax (GST) on an advance payment of 50,000 made in June 2017 to an unregistered dealer (URD) for labor services, with the invoice for 75,000 received in July 2017. Contributors discussed whether GST should be paid on the entire 75,000 or just the remaining 25,000. Responses varied, with some suggesting GST applies to the full amount unless service tax was previously paid on the advance. Others noted the importance of determining whether the advance was for a taxable supply and the timing of the supply concerning GST regulations.