https://www.taxtmi.com/article/detailed?id=8903 An advance is paid towards future supply and is treated as consideration, while a deposit is security excluded from consideration until applied; the Appellate Authority held that an outstanding mobilization receipt constituted advance consideration credited on GST commencement and therefore became taxable under the GST time of supply rules, rejecting pre GST tribunal precedents and noting no transitional provision preserves non taxability of such advances. en-us Mon, 13 Jan 2020 07:08:47 +0530 Mon, 13 Jan 2020 07:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8903 An advance is paid towards future supply and is treated as consideration, while a deposit is security excluded from consideration until applied; the Appellate Authority held that an outstanding mobilization receipt constituted advance consideration credited on GST commencement and therefore became taxable under the GST time of supply rules, rejecting pre GST tribunal precedents and noting no transitional provision preserves non taxability of such advances. Articles Goods and Services Tax - GST Mon, 13 Jan 2020 07:08:47 +0530 https://www.taxtmi.com/article/detailed?id=8903