Goods and Services Tax – Started By: – MohanLal tiwari – Dated:- 14-7-2017 Last Replied Date:- 14-7-2017 – Dear Sir/s,We are manufacturing tailor made items and taking 20% or 30% advance against Bank Guarantee from customers (including foreign customers) for raw materials procurement. Our Queries are as under :-1. Whether we should claim advance including proportionate GST and pay GST on receipt of advance against Receipt Voucher.2. Whether GST will be payable against advances received from foreign buyers also against export orders.3. Since invoicing is done and advance is adjusted in proportionate to quantity supplied, whether advance will also be adjusted accordingly from each supply invoices. – Reply By Kishan Barai – The Reply = There
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