https://www.taxtmi.com/forum/issue?id=112049 GST on advances for tailor made goods raises whether tax should be shown on a proforma invoice, whether the buyer must pay GST with the advance, how advances are adjusted against supply or refunded, and when input tax credit becomes available. Forum responses noted that GST incidence and reporting arise on receipt of advance, receipt vouchers can be adjusted if goods are not supplied, and immediate ITC is doubtful because entitlement depends on the statutory receipt condition which is not met if goods are not received or deemed received. en-us Sat, 10 Jun 2017 19:24:56 +0530 Thu, 23 Jan 2025 15:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112049 GST on advances for tailor made goods raises whether tax should be shown on a proforma invoice, whether the buyer must pay GST with the advance, how advances are adjusted against supply or refunded, and when input tax credit becomes available. Forum responses noted that GST incidence and reporting arise on receipt of advance, receipt vouchers can be adjusted if goods are not supplied, and immediate ITC is doubtful because entitlement depends on the statutory receipt condition which is not met if goods are not received or deemed received. Discussion-Forum GST Sat, 10 Jun 2017 19:24:56 +0530 https://www.taxtmi.com/forum/issue?id=112049