GST ON ADVANCES RECEIVED IN CASE OF WORKS CONTRACT AND HOW ADJUST THAT IN RETRUN WHEN ISSUING FINAL INVOICE

All Questions › Category: GST AAR Tamil Nadu 2020 › GST ON ADVANCES RECEIVED IN CASE OF WORKS CONTRACT AND HOW ADJUST THAT IN RETRUN WHEN ISSUING FINAL INVOICE

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nksabapathi@gmail.com asked 8 months ago

GST ON ADVANCES RECEIVED IN CASE OF WORKS CONTRACT AND HOW ADJUST THAT IN RETRUN WHEN ISSUING FINAL INVOICE

Kindly let me know when advance money is received in case of works contract at times we need to collect GST . Do we need to issue Invoice for this ? or nay other document pleaase let me know and in whch sheet or header it should be reported . When final invoice raised how to adjust the advancne . pleee

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