Advance payment received from Customer

1.We received an advance payment from Customer in May 2015, supplies of goods taken place in June 2015, and Tax Invoice issued on same date as date of goods delivery, i.e June 2015.

Do we hv to account for output tax in May 2015 GST return ?

2. We made advance payment to supplier in May 2015, delivery in June 2015 and supplier issued Tax Invoice in June 2015, can we account input tax in May 2015 on the advance payment made ?

1. Yes, you have to account for output tax in May.
2. Yes, if you receive a tax invoice or an official receipt (with all the particulars required of a tax invoice) from your supplier.

we are beauty line services, normally we sold package for the treatment.

1) customer had fully paid the treatment fee on year 2013 for 10 section treatment but end of Mar'14 she just done 5/10 treatment. The balanace of 5 treatment need to account for GST?

2) Normal we supply product to branches as consigment, once branch top up the sales qty only we issued invoice to branches. Are this acceptable for current GST?

3) branches sales normal used of credit card, the fund will received on behalf by HQ, but due to each transaction which incurred of GSt under HQ payee. this case can HQ claim input tax as they expenses or need to issued tax invoice to charge branch branch for the reimbursement?

Hi Joseph,

Thanks for the reply.

Does it mean, if we received advance payment from Customer, we have to account for output tax in the same month of receipts of advance payment.
But,

when we made advances payment to supplier, we have to wait for supplier to issue us Tax Invoice, even if the date of the Tax Invoice is 1 or 2 months later, and we can only claim Input Tax on the date of the Tax Invoice ?

Account for output tax in the month you received advance payment.

To claim input tax on the advance you paid, you must have a valid tax invoice or an official receipt with all the prescribed particulars of a tax invoice.