Accounting entry for instalment payments and gst obigations

This query is : Resolved

ARITRA CHAKRABORTY (Querist)
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16 August 2025 One of our Debtors has agrees to make us payment like following manner:

Rs.1,00,000/- on 16.08.2025 while giving order to us.
Rs.2,00,000/- on 03.08.2025 during preparation of the product
Rs.3,00,000/- on 01.09.2025 during delivery of goods.

How will I account for those transactions on account of this Debtor and How will I show thee GST part. please advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 August 2025 First two receipts keep it under advances excluding GST. Account GST separately and pay GST on due dates.
On 1st September adjust advance and account sale of goods.

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