banner_ad

Billed in advance

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 May 2019 We have billed for subscription charges for Rs 20000+ GST 36000 in April
This revenue is spread over for 4 months ( April to July)
what is accounting entry for this
Profile Image

GN Patankar

Profile Image

GN Patankar (Expert)
19 May 2019 It you have issued Tax Invoice that means Income is recognised, GST has to pay on due date. In books pass you may pass separate entry of one month basic subscription to assertion particular month's profitability & rest subs u may deferred.

Note in GSTR-1 u have to show full Inv Amt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details