Bill not raised last year

This query is : Resolved

Prapti (Querist)
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18 August 2023 Hi, last year our client paid some amount. And we bymistkenly forgot to raise a bill against the same. Can wr raise it now?

Since we haven't paid ant GST on advances at those time, will it have negative impact now while raising bill?

RAJA P M

RAJA P M (Expert)
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18 August 2023 Yes, You can raise bill against the advance... No issues... Advance by what purpose...??!

Prapti

Prapti (Querist)
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18 August 2023 This bill was against goods. Usually we take advances from the client to start with our work, but gst is filed only during raising bill. Now the bill was suppose to raise in last year, but bymistkenly we skipped it. Can we raise it now? Will it negatively affect gst?

RAJA P M

RAJA P M (Expert)
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19 August 2023 No problem, Book the amount as advance and raise bill now. No more issues in This regard..

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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20 August 2023 The advance payments received from the customers should be reported in GSTR-1 along with GST Rates.

RAJA P M

RAJA P M (Expert)
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20 August 2023 For the supply of goods advance received is not subject to GST. The entire amount will be taxed on the issue of the invoice (w.e.f. 15th November 2017).

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