GST Returns, Advances received against a supply to be made in future Posted on 11 April 2023 Category : GST What is GST? GST, Frequently Asked Questions GST Returns, Advances received against a supply to be made in future GST law may provide for Point of Taxation Rules which will determine the point at which the taxes would be paid by the taxable person. So, accordingly, if the tax is to be paid on the basis of advance payment received against a future supply of goods and/or services, then the following details would be required to be provided: (i) GSTIN/UID/GDI/Name of customer (ii) State Code (iii) HSN Code for goods / Accounting code for services (iv) Amount of advance received (v) Tax Rate (CGST and SGST or IGST and Additional Tax) (vi) Tax Amount (CGST and SGST or IGST and Additional Tax) Click here to know GST rate on Goods and Services GST Exemption list of goods and services Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? How to file GST returns? Monthly Return under Goods and Service Tax Where to file GST returns? 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Why demurrage/detention waiver period is required at destination for import Why do carriers balance weight and volume while charging freight amount in Exports? How does First Appraisement system of import customs clearance procedures work? How does Letter of Credit work? The term LCL. What does LCL mean? How does Wire transfer work in international business? Types of Export Containers Dimension of Cargo Containers Difference between dry cargo container and Tunnel Container sea exports Comments RAJU RANJAN PANDEY: On 18 July 2017 R/Sir We are contrector our manufacturing company manufactured PSC Railway sleeper. We received 90 % payment before despatch against advance and 10% after despatch.This is our possion.what do i have to do now regarding invoice please give correct suggestion