GST on advances received for future supplies

CA Neetu Agrawal , Last updated: 17 January 2019  
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1) Time of supply: Time of supply is earliest of following: a) At the time of receipt or payment; or b) At the time of issue of invoice Accordingly, GST needs to be paid with reference to the time at which advance is received. Example: An advance of Rs. 10 lacs is received 45 for a

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Published by

CA Neetu Agrawal
(GST Consultant)
Category GST   Report

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