Goods and Services Tax – Started By: – Alisha Maini – Dated:- 23-6-2017 Last Replied Date:- 23-6-2017 – Hello sir,Please let me know what would be the treatment of advance payment already received as on transition date i.e. July 1, 2017.If ITC on the same is claimable, can you tell me which Rule or Act says it and what would be the procedure to claim it.Thanks – Reply By Ganeshan Kalyani – The Reply = Advance received on or after 01.07.2017 for future supply of taxable goods, then receiver has
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