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Indirect Taxation
Whether giving advance is considered as supply?
Answers (5)
Therefore, in case of advance received for any supply, time of supply is fixed at the point when advance is received, irrespective of the fact whether the supply is made or not. So GST needs to be paid with reference to the time at which advance is received if any
Udaya Kumar
Giving advance is considered as supply only in the case of goods, not services.
It is considered only for services not goods
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