Advance received against export of services with IGST

[KARAN VERMA]

Sir

If i have received advance from foreign customer against export of service with IGST, then whether i have to deposit GST on receipt of advance payment or at time of issuing invoice.

What will be situation if i export services without IGST, whether i have to pay GST on advance payment received ?

AI Summary

GST on advance payments is governed by time of supply; advance for export with IGST attracts tax on receipt.
Liability to pay GST on advances for services arises at the time of receipt under the time of supply principle; whether an advance is taxable depends on its treatment as consideration. If export of services is invoiced with IGST, GST is payable on receipt of the advance and tax collected must not be retained; if exported without IGST, participants consider no GST payable on the advance.