Impact of VAT on Advance Payments Received from Customers

Описание к видео Impact of VAT on Advance Payments Received from Customers

This webinar will deal with:


1.Requirement to issue Tax Invoice for receipt of Advance Payments.

2.Time period allowed for the issuance of Tax Invoice from the date of receipt of Advance Payment.

3.Requirement to account for VAT on Unadjusted Advances as on the date of implementation of VAT.

4.Accounting Treatment for recording Receipt of Advance Payments in Books of Accounts under the VAT regime.

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