https://www.taxtmi.com/forum/issue?id=112020 Professionals traditionally using cash accounting face a GST requirement to account for tax upon issuance of a tax invoice; recipients may take input tax credit on those invoices while suppliers must account for GST even if payment is deferred. The prior service tax proviso permitting receipt basis payment for certain assesses does not continue under GST, creating a transitional issue for invoices raised before GST commencement that remain unpaid. en-us Tue, 06 Jun 2017 10:05:33 +0530 Thu, 23 Jan 2025 15:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112020 Professionals traditionally using cash accounting face a GST requirement to account for tax upon issuance of a tax invoice; recipients may take input tax credit on those invoices while suppliers must account for GST even if payment is deferred. The prior service tax proviso permitting receipt basis payment for certain assesses does not continue under GST, creating a transitional issue for invoices raised before GST commencement that remain unpaid. Discussion-Forum GST Tue, 06 Jun 2017 10:05:33 +0530 https://www.taxtmi.com/forum/issue?id=112020