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Receipt/Refund Voucher To Be Issued for Advance Payment

Businesses tend to demand advances to safeguard their interest. The advance received may be adjusted with the final payment, future supplies or may be refunded. Under the GST law, for any advance received (for any supply), the time of supply is fixed at the point when the advance is received, irrespective of the fact whether … Read moreReceipt/Refund Voucher To Be Issued for Advance Payment