Invoice against advance

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629 Points Posted on 16 June 2021
Dear Sir,

We have received advance from party in December month but invoice issued to party in current June month. Can we face any issue from department.
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On 16 June 2021 at 07:34 Report
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Quick Summary
This discussion addresses potential issues with issuing an invoice in June for an advance received in December. For goods, there's no GST on advances, and GST is only payable when the invoice is generated. This means issuing the invoice in June should not cause problems with the tax department regarding GST on goods.

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GST Consultant
15986 Points Posted on 16 June 2021
Is it against goods or services?
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On 16 June 2021 at 07:47
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629 Points Posted on 16 June 2021
Goods
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On 16 June 2021 at 10:46
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GST Consultant
15986 Points Posted on 16 June 2021

No problem. No gst on advance received for goods. GST to be paid for the month of generating invoice

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On 16 June 2021 at 11:31

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