https://www.taxtmi.com/forum/issue?id=113091 Advance receipts for supply of goods are not subject to GST at receipt, while advances for services are taxable; composition dealers must still account for GST on advances. The CGST Act provisions, including time and value of supply, invoicing and payment obligations, apply mutatis mutandis to IGST under the IGST Act, requiring consistent treatment of advances under the CGST framework extended to integrated tax. en-us Wed, 22 Nov 2017 13:29:16 +0530 Thu, 23 Jan 2025 15:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113091 Advance receipts for supply of goods are not subject to GST at receipt, while advances for services are taxable; composition dealers must still account for GST on advances. The CGST Act provisions, including time and value of supply, invoicing and payment obligations, apply mutatis mutandis to IGST under the IGST Act, requiring consistent treatment of advances under the CGST framework extended to integrated tax. Discussion-Forum GST Wed, 22 Nov 2017 13:29:16 +0530 https://www.taxtmi.com/forum/issue?id=113091