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GST ON ADVANCE FOR SUPPLY OF GOODS

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(Querist)
26 November 2021 Dear Sir/ Madam,

Is GST payable on receipt of Advance for Supply of Goods ?
If Yes, then when is it to be paid ?

We have received Advance payment in this month & Tax Invoice will be raised in next month at the time of supply.

Thanks & Regards,
Rachana
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
26 November 2021 No GST on receipt of advance for supply of goods.
GST to be paid when supply made (invoice generated)

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