GST liability on Advance receipts, Goods and Services Tax - GST

[Himanshu Bhardwaj]

Dear Professional Colleague ,

We are filling quaterly GSTR-1. What will be the the treatment of advance received in say, February 2020 in GSTR-3B for which supply of service will be made in March itself. Do we need to deposit tax on such advance before filing 3b of February?

Posts / Replies

[Ganeshan Kalyani]

Yes, you are required to pay GST in the February month's GSTR 3B.

[KASTURI SETHI]

I concur with the view of Sh.Ganeshan Kalyani Ji. Covered under Section 13 (2)(a) of CGST Act,2017.