Applicability of GST liability on receipt of advance against sale

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Deepak (ZZZ) 08 March 2021

Dear Expert,

We have received advance from one customer against sale of some gst applicable items after 30days. We are taking one month advance payment. Request to clear my doubt on following:

1 .Will GST be applicable on advance receipt and to be paid to govt before raising sales invoice
.
thanks in advance

Divyam Agarwal (Practicing Chartered Accountant) 08 March 2021

GST on advance received for supply of goods is not in place currently.

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Pankaj Rawat (GST Practitioner) 08 March 2021

GST is applicable Advance against Supply of Services & there is no GST on advance for supply of Goods it's being deferred from 15/11/2017 by Noti 66/2017 CT

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CA Altamush Zafar (GST Consultant) 08 March 2021

If advance received for sale of services then gst applicable on date of receipt. If it is sale of goods then gst attracted when invoice is issued or is due to be issued.