https://www.taxtmi.com/forum/issue?id=112942 GST liability on advances received may be discharged by utilising available input tax credit; there is no prohibition against such adjustment. The supplier must issue a tax invoice incorporating the transaction value and applicable GST, and adjust the advance payment and the GST liability in that invoice. en-us Sat, 14 Oct 2017 17:50:45 +0530 Thu, 23 Jan 2025 15:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112942 GST liability on advances received may be discharged by utilising available input tax credit; there is no prohibition against such adjustment. The supplier must issue a tax invoice incorporating the transaction value and applicable GST, and adjust the advance payment and the GST liability in that invoice. Discussion-Forum GST Sat, 14 Oct 2017 17:50:45 +0530 https://www.taxtmi.com/forum/issue?id=112942