https://www.taxtmi.com/forum/issue?id=118397 If a registered lessor receives the entire lease consideration upfront and the contract obliges payment, the full consideration is treated as supply consideration and GST is payable immediately on receipt upon issuance of tax invoice. Characterisation as advance or deposit depends on contract terms and carries different GST disclosure and tax consequences; income-tax treatment is distinct. en-us Sat, 25 Feb 2023 17:46:26 +0530 Thu, 23 Jan 2025 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118397 If a registered lessor receives the entire lease consideration upfront and the contract obliges payment, the full consideration is treated as supply consideration and GST is payable immediately on receipt upon issuance of tax invoice. Characterisation as advance or deposit depends on contract terms and carries different GST disclosure and tax consequences; income-tax treatment is distinct. Discussion-Forum GST Sat, 25 Feb 2023 17:46:26 +0530 https://www.taxtmi.com/forum/issue?id=118397