If gst is to pay for advances received on supply of goods

This query is : Resolved

Senthil Viru (Querist)
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22 January 2019 Dear Sir/Madam,

We are a registered dealer received advances from customer for sale of goods. if we have to pay the GST for that advances received? and also they given a notification no. 66 is said advances received from customers for sale of goods is not required to pay gst. our gst consultant is said that advances received from customers is must be pay the gst if any notification is there related to that thing kindly share the notification or guide me how to tackle this thing.

thanks & regards
Sendhil

CA Anita Bhadra

CA Anita Bhadra (Expert)
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22 January 2019 No
You need not to pay GST on Advance .

Government vide Notification no. 66/2017 dated 15.11.2017, stated that all suppliers of goods , have been exempted from the burden of paying GST on Advances received.

Senthil Viru

Senthil Viru (Querist)
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22 January 2019 Thanks Madam and if any other notification is released after sometime relating to advances received on future supplies.

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