Gst in case of cash basis of accounting

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deepanshu (Querist)

29 August 2017 we are a consulting firm providing support services to various companies . From the last 2 years we are following cash basis of accounting and record revenue as well as expense on cash basis.
so now after the implementation of GST is it possible to follow the same practice (WE are registered under GST)
or should we have to change our accounting policies and deposit GST on accrual basis.
AS our industry practice is to raise the bill after 90 days from the date of providing services .
plese guide ...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 August 2017 You have to change yourr accounting policies and deposit GST on accrual basis and raise the bill in 30 days from the date of providing services

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deepanshu

deepanshu (Querist)

29 August 2017 But as we are providing services of recruitment in that case our clients are saying that we can only raise the bill if the candidate complete 90 days in their organisation .
we cant raise bill before 90 days for that particular candidate

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 August 2017 In this case your completion of service provided is after completion of 90 days of service by the candidate. So raise the bill after candidate complete 90 days of service. Then you will not face any problems.

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