Billed in advance
This query is : Resolved
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
This revenue is spread over for 4 months ( April to July)
what is accounting entry for this
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
Note in GSTR-1 u have to show full Inv Amt
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