Webinar on "Impact of VAT on Advance Payments Received from Customers"
Join
Mayank Sawhney, a VAT expert from the UAE, who will walk you through the impact of VAT on advance payments received from customers.
This webinar will deal with the:
- Requirement to issue Tax Invoice for receipt of Advance Payments.
Time period allowed for the issuance of Tax Invoice from the date of receipt of Advance Payment.
Requirement to account for VAT on Unadjusted Advances as on the date of implementation of VAT.
Accounting Treatment for recording Receipt of Advance Payments in Books of Accounts under the VAT regime.
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