As per section 12 of the cgst act given as a proviso for subsection 2 is that provided that "where the supplier of taxable goods receives an amount up to 1000 rupees excess of the amount indicated in

Question

Vignesh · Answer

If amount exceeds 1000, then it is considered as advance for future supply. In that case, time of supply of -Goods under FCM won't be affected (as per notification no. 66/2017) Goods under RCM - date of receipt of the advance -Service under FCM and RCM - date of receipt of the advace

Vaishu · Answer

Actually in goods there is no limit of rs. 1000.. you have to ignore the whole amount

Vaishu · Answer

In case of service if the excess amount exceed Rs. 1000 then you have to treat it like a advance and pay GST on that amount and in case of goods if excess amount exceeds rs. 1000 then no gst on such excess amount.. this is as per the new notification N/N66/2017

Ambalal · Answer

In my opinion if amount exceeds 1000rs. Then date of payment will be the time of supply

As per section 12 of the cgst act given as a proviso for subsection 2 is that provided that "where the supplier of taxable goods receives an amount up to 1000 rupees excess of the amount indicated in

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