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GST Turnover Includes Advance

Junaid Ansari (7 Points)

14 August 2019

For the purpose of determining GST Audit, Advance received should be considered as a part of GST Turnover.

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4 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 14 August 2019

No ..... it's does not included in Aggregate Turnover

Padmahas Niwas (ca) (251 Points)
Replied 14 August 2019

if it is advance against serives then it will be included in TO

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 14 August 2019

Dear Padmahas

As per the Defination provided in Section 2(6) of CGST Act , Aggregate Turnover does not Include Advance against supply of goods or SERVICES.

It's applicability of GST or GST Attracts when the Advance is received against supply Services.

CA Arun Chhajer (GST Faculty @ Ministry of MSME Govt of India) (2813 Points)
Replied 15 August 2019

As per Swastika Educonsult View

Aggregate Turnover is being defined in Sec 2(6) of CGST Act. This include all taxable supply, all exempt supply, all export etc. However it does not include Advance.

According to Section 12 (Time of Supply for Goods) or Sec 13(Time of Supply of service) advance might be taxable and GST Need to be paid. So there are 2 differnt provision where tax might need to be paid but it will not be included in Agreegate Turnover at all.