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Treatment of Advance Received under GST

The rules for the time of supply under GST plays a very important role in determining when to pay tax for a transaction. The general rule for time of supply for goods is earliest of the following – 1. Date of issue of invoice 2. Date of receipt of payment/advance 3. Date on which invoice […]

Posted in GST Tagged GST, GST_on_AdvancesLeave a Comment on Treatment of Advance Received under GST

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