TaxTMI 
TaxTMI 
GST on advance
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....ST on advance<br> Query (Issue) Started By: - Murari Agrawal Dated:- 20-6-2017 Last Reply Date:- 21-6-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Experts - When we receive advanc....
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....e against supply, the amount received to be treated as net of tax or including tax. If the goods are supplied within same month, how to show tax in the invoice. If the goods are supplied in subsequent....
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.... month, how to adjust the tax/ show in Invoice. Thanks. Reply By MUKUND THAKKAR: The Reply: GST is applicable in case of advance received against supply or services. in your situation please refer f....
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....ollowing Adavnce received in month of July-2017 1,00,000 Goods supply in the same month (July) 50,000 Balance advance with you 50,000 GST PAYABLE ON BALANCE ADVANCE WITH YOU 50,000 Reply By Narendr....
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....a Soni: The Reply: Dear Sir, If advance is received against an export order, which will be exported in next month under bond/LUT.Kindly confirm Is tax payable in the month of receipt of advance agai....
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....nst export without payment of IGST. Reply By MUKUND THAKKAR: The Reply: Dear soniji. No need to pay the IGST if advance received for export. if you want to clear under LUT or Bond. you are exportin....
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....g the goods not Taxes.<br> Discussion Forum - Knowledge Sharing ....