Advance received for supply of goods, Goods and Services Tax - GST

[SUBRATA RAY]

My query is whether a composition dealer is liable to pay tax on advance received for supply of goods in future. whether Notification No 66/2017 has excluded composition dealer from exemption of payment of tax on advance receipt from supply of goods

Posts / Replies

[Pradeep Reddy]

Yes Notification No 66/2017 has excluded composition dealer, therefore applicable GST has to be upon receipt of advance.

[KASTURI SETHI]

Yes. Exemption is not admissible. There is not even an iota of doubt.