TaxTMI 
TaxTMI 
Dear Expert
We are a manufacturer and annual turnover above 1.5 crore. If we receive advance whether we need to pay GST.
Regards
GST applicable Advance received from Customer
28 Aug 2019 
9 Replies 
4269 Views Asked by
GST on advances for supply of goods: no tax liability and no requirement to report such advances in GSTR-1.
Contributors concluded that advances received for supply of goods do not attract GST and that taxpayers need not pay tax on such advances; accordingly, advance receipts against supplies of goods need not be reported in GSTR-1. A view was also noted suggesting equivalent treatment for services, but the operative consensus relates to goods. (AI Summary)
Contributors concluded that advances received for supply of goods do not attract GST and that taxpayers need not pay tax on such advances; accordingly, advance receipts against supplies of goods need not be reported in GSTR-1. A view was also noted suggesting equivalent treatment for services, but the operative consensus relates to goods. (AI Summary)