Please guide on, if I have raised a Purchase Order on 15/June/2017 and the seller raises Invoice bearing the Dt: 29/June/2017 (before GST) with VAT. Goods received on 10/July/2017 (after GST) and accounting is done on the same day with Invoice bearing date of 29/June/2017 (before GST).
Query:- Which tax shall be charged on this transaction (VAT or GST). Is there any rule to process these kind of Invoices after GST date.
25 July 2017
No doubt and Don't confuse...
The invoice date is in june and also It's VAT bill. Then Why you get doubt it's to consider VAT bill and also return your VAT....
26 July 2017
Sir, Thanks for your reply, but let me put this in a simple form.
I want to know, is there any time frame (deadline) mentioned to account-for (book) these type of Invoices where Invoice date is of "before GST date i.e. 01/07/17" with old taxation rates and we are processing the same in the month of July-17. In such case can we avail Credit and if, yes then please clarify how !!!
CAclubindia
