https://www.taxtmi.com/forum/issue?id=112098 GST is chargeable on advances received for supply of goods or services; if part of the advance is discharged by supply within the same month, the remaining advance retained is treated as the taxable amount with GST payable on that balance. For export transactions to be effected under bond or Letter of Undertaking, IGST is advisedly not payable on receipt of advance. en-us Tue, 20 Jun 2017 10:34:09 +0530 Thu, 23 Jan 2025 15:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112098 GST is chargeable on advances received for supply of goods or services; if part of the advance is discharged by supply within the same month, the remaining advance retained is treated as the taxable amount with GST payable on that balance. For export transactions to be effected under bond or Letter of Undertaking, IGST is advisedly not payable on receipt of advance. Discussion-Forum GST Tue, 20 Jun 2017 10:34:09 +0530 https://www.taxtmi.com/forum/issue?id=112098