Gst on advance- what to declare in return

Aashish Kulkarni (10 Points)

25 June 2019  

Hi,

I have received an advance for supply of goods. Turnover of my company is less than 1.5 crore ruppees. I understand that for such companies GST is payable only at the time of supply of goods. However, my question is, do I need to declare this advance under point 11 of GST quarterly return? If I do, system automatically shows GST calculation and it means I will have to pay GST on that. 

Can experts here guide me if I should declare this advance or enter invoice details only when GST invoice is issued at the time of supply.