Advertisement in Print Media is in the slab of 5 %.
1. My doubt is it comes on billing or receipt
2. Which slab is applicable for advance receipt.
3. Is there any exmption for Print Media Direct Advertisement through it's own. ( I mean not through Ad-Agencies)
There is no exemption. Even for advance receipt, the slab will be 5%.
GST is on billing or receipt whichever is earlier.
If you raised invoice first, then pay GST as per Invoice.
If you received money in advance then charge GST as per advance.
However only difference is that your customer will not get input in case of advance payment. He will get input only once invoice is issued to him, return is filed and tax paid by you.
Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.Join Discussion