TMI BlogAdvance received against export of services with IGSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir If i have received advance from foreign customer against export of service with IGST, then whether i have to deposit GST on receipt of advance payment or at time of issuing invoice. What will be situation if i export services without IGST, whether i have to pay GST on advance payment received ? - Reply By KASTURI SETHI - The Reply = Liability for discharging GST arises at the time (date) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of receipt of advance. Export with IGST in order to avoid any problem. You cannot retain the amount of tax collected from the buyer. - Reply By KARAN VERMA - The Reply = Sir, at present i have export services with IGST, then whether i have to pay GST on advance receipt. If yes, then this will cause mismatch in GSTR-1 and GSTR-3B . - Reply By KASTURI SETHI - The Reply = I have explained wha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is requirement of GST laws. Read 'Time of supply of services' under Section 13 of CGST Act along with definition of 'consideration' under Section 2(31) of CGST Act . Also go through legal definition of 'deposit' and 'advance' and difference between the two in the eyes of GST laws. I think by reading conjointly word for word you can evolve some way-out. Y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ou will have to go into above Sections deeply. - Reply By Ganeshan Kalyani - The Reply = In my view, if you are going to do export with payment of IGST then GST is payable on advance receipt also. And if otherwise then no tax is payable. I welcome views of the expert as well. - Advance received against export of services with IGST - Query Started By: - KARAN VERMA Dated:- 10-2-2021 Goods and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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