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When is GST payable in case of advances receive...

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

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


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Chiranjibi Chapagain 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.


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


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