medium10 pts · first answer countsgsttime-of-supply

GST on an advance for services

A consulting firm receives an advance in March for services it will provide in April. When is GST payable on the advance?

A.Only when the invoice is issued in AprilB.In March, because for services the time of supply can be triggered by receipt of an advanceC.Never, since advances are not suppliesD.Only at the end of the financial year

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GST on an advance for services

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