GST on Advance Receipt Updates | Notification no 40/2017 & 66/2017

Описание: Notification no 40/2017 http://www.cbec.gov.in/htdocs-cbec/gs...

Notification no 66/2017 http://www.cbec.gov.in/htdocs-cbec/gs...

GST on Advance Receipt : Relaxation from payment of GST on advances received shall be restricted only for supply of goods. Advance received for supply of services shall continue to be taxable.

Further, issue of advance receipt voucher/ refund voucher shall still continue for goods as well as services, irrespective of aforesaid clarification.

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