We are trader of fabrics and garments and our supplies are inter state. we received advance payment in first week of march 2018 and supply is likely to happen in coming months. My GST filling person says to pay GST on advance received while filing the March Returns. please clarify.
you have to pay gst on advance received. coz the point of taxation is the earliest of invoice date, payment date(even advance) and date of supply of goods in ur case date of receipt of advance is the earliest occurrence. hence you have to pay gat on advance received