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Asked by namish on :Jul. 20, 2018

When is GST payable in case of advances received …

When is GST payable in case of advances received from the clients?

When is GST payable in case of advances received from the clients?

0

Chiranjibi Jul. 20, 2018

If advance is received and invoice is issued within the same month then no tax is required to be paid separately on the advance receipt. However if advance and invoice is in respect of different months then tax is required to be paid on advance receipts accordingly.

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