Please clear the issue of GST payable on Advance received for goods is taxable or not? please clear advance received for services is taxable or not??

Reply— GST on Supply of Goods was payable at time of receipt of advance, if the amount is received before issue of invoice. This provision has been removed by issuance of notification no. 40/2017 (central tax) dated 13.10.2017. As per this Notification, Registered Persons (other than composition dealers) whose turnover during last FY was less than 1.5 crore, are not required to pay GST on outward supply of goods, at time of receipt of advance.

Further as per notification no. 66/2017 (central tax) dated 15.11.2017 extended this benefit to all taxable persons (other than Composition dealers).

This relief is not available on outward supply of services. GST is payable on advance received in case of outward supply of services.