https://www.taxtmi.com/forum/issue?id=117594 The document addresses whether GST collected on advances must be deposited when received or may be deferred until supply; one position requires remittance on receipt with interest for delay, while another relies on a notification permitting postponement for advances relating to goods until invoice or removal, with services generally requiring grossing up. Contributors stress that any postponement is limited by permitted return/payment timelines and that amounts collected as tax should not be retained beyond those limits. en-us Thu, 28 Oct 2021 11:55:26 +0530 Thu, 23 Jan 2025 15:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117594 The document addresses whether GST collected on advances must be deposited when received or may be deferred until supply; one position requires remittance on receipt with interest for delay, while another relies on a notification permitting postponement for advances relating to goods until invoice or removal, with services generally requiring grossing up. Contributors stress that any postponement is limited by permitted return/payment timelines and that amounts collected as tax should not be retained beyond those limits. Discussion-Forum GST Thu, 28 Oct 2021 11:55:26 +0530 https://www.taxtmi.com/forum/issue?id=117594