GST on unbilled revenue at the end of the year


This query is : Resolved 

Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for revenue that has been earned but not yet invoiced by the end of the financial year. The consensus is that GST is not immediately payable on unbilled revenue. Instead, the liability arises based on the 'time of supply' rules, meaning GST is typically due when the invoice is issued or payment is received, whichever comes first.

12 January 2021 Hi,
Is there any GST implication on the unbilled revenue (services performed but not yet invoiced) at the end of the financial year?

12 January 2021 No implication bill it in April.

12 January 2021 No, GST payable when according to time of supply.

12 January 2021 Thank you so much Seetharaman Sir

12 January 2021 Thank you so much Lekhraj Sir!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details