https://www.taxtmi.com/forum/issue?id=112091 Under GST, advances form part of the taxable value of the later supply and GST is chargeable on advances under point-of-taxation rules; pre GST practice treated advances for goods as not attracting duty at receipt and service tax paid on advances may be adjusted when invoicing, so transitional treatment and invoicing must account for set-off and inclusion of advances in supply value. en-us Mon, 19 Jun 2017 12:25:46 +0530 Thu, 23 Jan 2025 15:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112091 Under GST, advances form part of the taxable value of the later supply and GST is chargeable on advances under point-of-taxation rules; pre GST practice treated advances for goods as not attracting duty at receipt and service tax paid on advances may be adjusted when invoicing, so transitional treatment and invoicing must account for set-off and inclusion of advances in supply value. Discussion-Forum GST Mon, 19 Jun 2017 12:25:46 +0530 https://www.taxtmi.com/forum/issue?id=112091