Accounting of rent expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2018
Sir,
Rent expense of my business for the month of march 2018 should be accounted by 31/03/2018.But the building owner gave bill with date 01/04/2018.should i put due entry on 31/03/2018 or 01/04/2018.is there a problem if i book invoice dated 01/04/2018 on 31/03/2018 for my availing of gst input?
Rent expense of my business for the month of march 2018 should be accounted by 31/03/2018.But the building owner gave bill with date 01/04/2018.should i put due entry on 31/03/2018 or 01/04/2018.is there a problem if i book invoice dated 01/04/2018 on 31/03/2018 for my availing of gst input?
CA R SEETHARAMAN
(Expert)
07 May 2018
Book the expenses on 31/032018. But claim the GST credit in April return in view of invoice dated April.
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