Q Advance received by manufacturer in June 2017. Whether GST to be paid on such advance on 1st July (as advances to attract GST)? [ We assume GST Act comes into force w.e.f 01.07.2017 ]
Answer : Activity taking place before 1 July 2017 will be governed by existing law.
[ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ]
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