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How to configure Advance Receipt process in sap sd post GST Implementation

Jun 15, 2017 at 12:07 PM

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Former Member

Hi Everyone,

We are Tobacco Manufacturing Company, with sales across the country. In the current Business Process Advance Received from the customers before the supply of goods is not liable or accounted for Tax.

But According to GST Act, GST has to be accounted as Tax liability for either the Advance received or supply of Goods, whichever is earlier. Please suggest me how to configure the same in SAP for normal Order to Cash Scenario.

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2 Answers

G Lakshmipathi
Jun 15, 2017 at 12:58 PM
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If the billing document is generated in the same tax period of advance received, then, I presume, no need to levy tax for the advance amount received. If not, ask your client who have to spell out what the law says.

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Former Member Jun 22, 2017 at 08:53 AM
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Hello Praveen

Please check the below mentioned SAP Note

2483086 - GST IN: Down Payment OR Advance payment changes for India GST

Best Regards,

Prasanna

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