https://www.taxtmi.com/forum/issue?id=114972 Advances for taxable services are treated as supply at the date of receipt when invoice is not issued within the prescribed period, triggering turnover inclusion for GST; advances for goods are treated as deposits and are not taxable unless applied as consideration. Time of supply (GST liability) and accounting recognition (invoice date) differ, requiring reconciliation and disclosure in returns. en-us Thu, 16 May 2019 11:13:25 +0530 Thu, 23 Jan 2025 15:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114972 Advances for taxable services are treated as supply at the date of receipt when invoice is not issued within the prescribed period, triggering turnover inclusion for GST; advances for goods are treated as deposits and are not taxable unless applied as consideration. Time of supply (GST liability) and accounting recognition (invoice date) differ, requiring reconciliation and disclosure in returns. Discussion-Forum GST Thu, 16 May 2019 11:13:25 +0530 https://www.taxtmi.com/forum/issue?id=114972