<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">As per the provisions of section 12(2) of the CGST Act, 2017 the time of supply of goods shall be the date of issue of invoice or the date of receipt of payment, whichever is earlier. Accordingly, GST would be payable on advance payment received prior to issuance of the invoice.</span></span></p>