Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Niket Ajitbhai Gor asked 1 year ago

Sir i have doubt in illustration 7 of GST audit module, in question of module there is written that while register person in composition scheme, he has liability to pay tax on advance as well, as per sec 12 time of supply but by way of notification council removed such provision for time of supply on advamce for goods. So doubt is that there is no liability on advance for composition as well so answer of module is based on whih provision of gst act?????

1 Answers
RaviRavi Staff answered 1 year ago

persons covered under composition scheme are not exempted for advance received see this notification 
https://taxguru.in/goods-and-service-tax/seeks-exempt-taxpayers-payment-tax-advances-received-case-supply-goods.html
 

Call Back Request