https://www.taxtmi.com/forum/issue?id=117005 Liability to pay GST on advances for services arises at the time of receipt under the time of supply principle; whether an advance is taxable depends on its treatment as consideration. If export of services is invoiced with IGST, GST is payable on receipt of the advance and tax collected must not be retained; if exported without IGST, participants consider no GST payable on the advance. en-us Wed, 10 Feb 2021 22:10:10 +0530 Thu, 23 Jan 2025 15:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117005 Liability to pay GST on advances for services arises at the time of receipt under the time of supply principle; whether an advance is taxable depends on its treatment as consideration. If export of services is invoiced with IGST, GST is payable on receipt of the advance and tax collected must not be retained; if exported without IGST, participants consider no GST payable on the advance. Discussion-Forum GST Wed, 10 Feb 2021 22:10:10 +0530 https://www.taxtmi.com/forum/issue?id=117005