If coaching Centre deposit GST on collection basis . Is it right procedure for calculation GST.
We issued only Fee Receipt to student . It is OK no Tax Invoice issued
In such case, last date to issue invoice u/s 31 shall be date of receipt of payment. If tax invoice is not issued within time limit prescribed u/s 31, time of supply shall be the date of provision of service.
Thus if fee is collected before providing coaching service (actual supply) and tax is remitted on the same at the time of its collection itself shall be a coreect treatment under GST.
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