TaxTMI 
TaxTMI 
Advance received for supply of goods
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....dvance received for supply of goods<br> Query (Issue) Started By: - SUBRATA RAY Dated:- 12-2-2024 Last Reply Date:- 14-2-2024 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>My query is whethe....
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....r a composition dealer is liable to pay tax on advance received for supply of goods in future. whether Notification No 66/2017 has excluded composition dealer from exemption of payment of tax on advan....
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....ce receipt from supply of goods Reply By Pradeep Reddy: The Reply: Yes Notification No 66/2017 has excluded composition dealer, therefore applicable GST has to be upon receipt of advance. Reply By ....
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....KASTURI SETHI: The Reply: Yes. Exemption is not admissible. There is not even an iota of doubt.<br> Discussion Forum - Knowledge Sharing ....