Is there any GST chargeable on advance payments?

Is there any GST chargeable on advance payments?

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4 Answer(s)

No as there is no supply of goods.

Answered on June 1, 2017.
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Yes, The GST is applicable on Advance Received.

Answered on June 1, 2017.
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Yes gst is chargable on advance payment and vl be equal to tax liability on bill amount.

Answered on June 1, 2017.
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Yes, whenever you get advance pay GST. when u pay gst transaction number generated and when you issue final invoice that time you give the reference of such transaction number in return.

Answered on June 1, 2017.
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Your Answer

Gen GST