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The 180 days are counted from the invoice date. Advances paid before the invoice reduce the unpaid amount on that invoice.
GST
Advance paid before the invoice and the 180-day count
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Provisions
Rule 37, CGST Rules 2017
Analysis
If you paid a ₹50,000 advance and the invoice is ₹1,18,000, only ₹68,000 remains to be paid within 180 days of the invoice. Adjust advances against invoices in your books promptly. Unadjusted advances make the ageing report show wrong overdue amounts.
Close
- Adjust advances against invoices when received.
- Count 180 days from the invoice date.
- Track only the balance as unpaid.
- Review unadjusted advances monthly.
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