TaxTMI 
TaxTMI 
Our company received advance against services
Advanced received 9,80,000/-
Tds 2% recovered 20,000/-
Above case we have to pay gst on 9,80,0000(980000*18/118=149492) or 10,00,000( 1000000*18/118=152543)
Please advice me
Thanks in advance
GST on Advance received from Customer
20 Feb 2018 
9 Replies 
3777 Views Asked by
GST on advance payments: receipt can attract tax as consideration, though applicability may be temporarily suspended by notification.
Receipt of an advance for services constitutes a taxable event that attracts GST in the hands of the supplier (or recipient under reverse charge) at the appropriate rate; a deposit is not payment unless appropriated, but appropriated advances are treated as consideration and taxable. However, an administrative notification temporarily suspended GST applicability on advances for the specified suspension period. (AI Summary)
Receipt of an advance for services constitutes a taxable event that attracts GST in the hands of the supplier (or recipient under reverse charge) at the appropriate rate; a deposit is not payment unless appropriated, but appropriated advances are treated as consideration and taxable. However, an administrative notification temporarily suspended GST applicability on advances for the specified suspension period. (AI Summary)