Gst on advance amount received against flat booking

This query is : Resolved

Sopan Dattatray Pingale (Querist)
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25 January 2019 Sir,

i am builder and GST register dealer i construct building under process 3 flats booking and received advance Rs.900000.00 please tell me i payment GST on Advance or when agreement of customer

Please solver my query

Sopan Dattatray Pingale

Sopan Dattatray Pingale (Querist)
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25 January 2019 Please solve my query please reply

CA CS Chirag

CA CS Chirag (Expert)
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26 January 2019 The general rule for time of supply for services is earliest of the following –

-Date of issue of invoice
- Date of receipt of payment/advance
- Date on which invoice should be issued

he supplier of services are required to pay GST at the time of receipt of advances.