GST on Advance Payments made before GST Act Comes into force

By | June 5, 2017
(Last Updated On: June 6, 2017)

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 ]

GST on Advance Payments made before GST Act Comes into force

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