GST ON ADVANCE RECIEPTS

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....ST ON ADVANCE RECIEPTS<br> Query (Issue) Started By: - OM PRAKASH Dated:- 12-12-2017 Last Reply Date:- 13-12-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>PLEASE UPDATE ......IT IS NECE....

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....SSARY 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 is received.However in case of sup....

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....ply 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 on advance receipt in case of goods, h....

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....owever 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 No. 66/2017 - Central Tax. GST is payable....

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.... by the supplier is he receives advance payment.<br> Discussion Forum - Knowledge Sharing ....