TaxTMI 
TaxTMI 
Pl clarify GST liability of a person registered under composition scheme u/s.10(2A) in respect of advances received for supply of services
gst on advances
31 Dec 2020 
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GST on advances: composition scheme registrant must issue receipt voucher and discharge tax on advances.
A composition registrant receiving an advance should issue a receipt voucher and discharge tax liability for the advance; tax on the balance is discharged when the invoice for the supply of services is issued. (AI Summary)
A composition registrant receiving an advance should issue a receipt voucher and discharge tax liability for the advance; tax on the balance is discharged when the invoice for the supply of services is issued. (AI Summary)