{"id":1039,"date":"2021-06-25T09:24:41","date_gmt":"2021-06-25T09:24:41","guid":{"rendered":"https:\/\/www.kanakkupillai.com\/new-learn?p=1039"},"modified":"2025-05-30T16:50:32","modified_gmt":"2025-05-30T11:20:32","slug":"advance-received-is-taxable-under-gst","status":"publish","type":"post","link":"https:\/\/www.kanakkupillai.com\/learn\/advance-received-is-taxable-under-gst\/","title":{"rendered":"Did You Know Advance Received is Taxable under GST?"},"content":{"rendered":"<div class=\"name post-title entry-title\">Getting an advance for a request is a typical business event. Providers, as a rule, approach clients to pay a progress fee for a request as it serves as a guarantee not to cancel the request. For people enlisted under Excise and VAT, the proposals were irrelevant from an expense perspective. The obligation to pay the advance received is taxable under the GST charge on an exchange that arises at the time of evacuation of the merchandise or offer of products under Excise and VAT, separately.<\/div>\n<div class=\"name post-title entry-title\">Producers and dealers\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">must now be aware that they will be subject to paying\u00a0<a href=\"https:\/\/www.kanakkupillai.com\/online-gst-registration\/\" target=\"_blank\" rel=\"noopener\"><strong>GST\u00a0<\/strong><\/a>based on the progress made by their <\/span>clients. Administration providers are aware of this administration in the Service Tax administration, where they are at risk of paying charges on the progress made.<\/div>\n<div class=\"name post-title entry-title\">Here, we will guide you through the most efficient method to effectively handle advanced receipts under GST.<\/div>\n<div class=\"entry\">\n<h2>Which record is to be issued while making progress?<\/h2>\n<p>On accepting a progress request, a provider should issue a Receipt Voucher to the individual paying for the progress. Note that the provider is at risk of paying an assessment on the progress made under GST. Thus, the duty relevant to the propeller sum ought to appear in the receipt voucher. Duty ought to be computed at the rate applicable to the products, as well as any additional rates. Benefits for which the progress is gained, regardless of whether the beneficiary is intrastate or interstate. The expense charged will be CGST + SGST (for intrastate transactions) or IGST (for interstate transactions).<\/p>\n<h2>Essential points of interest to be covered in a proper receipt voucher under GST<\/h2>\n<ol>\n<li>Provider\u2019s name, address, and GSTIN<\/li>\n<li>A serial number of the receipt voucher, not surpassing 16 characters, containing letters in order or numerals or uncommon characters, hyphen (- ) or slash (\/). It must be one of a kind for a monetary year<\/li>\n<li>Date of issue<\/li>\n<li>on the off chance that the beneficiary is enrolled, the beneficiary\u2019s name, address, and GSTIN or UID<\/li>\n<li>Depiction of the products or services<\/li>\n<li>The measure of progress taken<\/li>\n<li>Rate of expense (CGST, SGST, IGST, UTGST, or Cess)<\/li>\n<li>Measure of expense (CGST, SGST, IGST, UTGST, or Cess)<\/li>\n<li>on the off chance that the supply is interstate, the place of supply, alongside the state name, and the state code<\/li>\n<li>Regardless of whether the imposition is payable on inverted charge<\/li>\n<li>Signature or advanced mark of the provider or his approved agent<\/li>\n<\/ol>\n<h3>What to do in the event that you can\u2019t decide if the supply is interstate or intrastate at the time of accepting the progress?<\/h3>\n<p>In this situation, the supply should be treated as an interstate supply.<\/p>\n<h3>How do you outfit subtle elements of advances under GST?<\/h3>\n<p>Subtle elements of advances for which a receipt has not been issued in the month ought to be furnished in Form <strong>GSTR-1.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Getting an advance for a request is a typical business event. Providers, as a rule, approach clients to pay a progress fee&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[4303],"tags":[],"class_list":{"0":"post-1039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-licenses-government-registrations"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Did You Know Advance Received is Taxable under GST?<\/title>\n<meta name=\"description\" content=\"Advance Received is Taxable under GST in India - Producers and dealers observe that they pay Advance Received is Taxable under GST\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kanakkupillai.com\/learn\/advance-received-is-taxable-under-gst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did You Know Advance Received is Taxable under GST in India?\" \/>\n<meta property=\"og:description\" content=\"Advance Received is Taxable under GST in India - Producers and dealers observe that they pay Advance Received is Taxable under GST\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kanakkupillai.com\/learn\/advance-received-is-taxable-under-gst\/\" \/>\n<meta property=\"og:site_name\" content=\"Kanakkupillai Learn\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kanakkupillaionline\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T09:24:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T11:20:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kanakkupillai.com\/learn\/wp-content\/uploads\/2026\/03\/kanakkupillai-logo-seo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"280\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kanakkupillai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Did You Know Advance Received is Taxable under GST in India?\" \/>\n<meta name=\"twitter:description\" content=\"Advance Received is Taxable under GST in India - Producers and dealers observe that they pay Advance Received is Taxable under GST\" \/>\n<meta name=\"twitter:creator\" content=\"@Kanakkupillai7\" \/>\n<meta name=\"twitter:site\" content=\"@Kanakkupillai7\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kanakkupillai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/advance-received-is-taxable-under-gst\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/advance-received-is-taxable-under-gst\\\/\"},\"author\":{\"name\":\"Kanakkupillai\",\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/#\\\/schema\\\/person\\\/4c54ecd01c396c99702ed4cfa8905f73\"},\"headline\":\"Did You Know Advance Received is Taxable under GST?\",\"datePublished\":\"2021-06-25T09:24:41+00:00\",\"dateModified\":\"2025-05-30T11:20:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/advance-received-is-taxable-under-gst\\\/\"},\"wordCount\":483,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/advance-received-is-taxable-under-gst\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kanakkupillai.com\\\/learn\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Did-You-Know-Advance-Received-is-Taxable-under-GST.jpg\",\"articleSection\":[\"Licenses &amp; 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