https://www.taxtmi.com/forum/issue?id=112135 Tax liability arises on receipt of an advance payment; the registered person must issue a receipt voucher evidencing the advance and showing rate and amount of tax, such that tax is payable at the time of receipt. Advances without an invoice must be reported in the advance section of the periodic return, and separate compliance procedures apply for zero rated supplies made under bond or letter of undertaking. en-us Fri, 23 Jun 2017 11:09:42 +0530 Thu, 23 Jan 2025 15:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112135 Tax liability arises on receipt of an advance payment; the registered person must issue a receipt voucher evidencing the advance and showing rate and amount of tax, such that tax is payable at the time of receipt. Advances without an invoice must be reported in the advance section of the periodic return, and separate compliance procedures apply for zero rated supplies made under bond or letter of undertaking. Discussion-Forum GST Fri, 23 Jun 2017 11:09:42 +0530 https://www.taxtmi.com/forum/issue?id=112135