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This query is : Resolved 

Respected Sir,

The customer paid a sum of Rs 2.57 Crores being advance against deal of the flat during the period from November 19 to March 20 but the customer paid Rs 2.60 Lacs being TDS on 23-10-20 as per our 26-AS to meet out the full amount of the deal of Rs 2.60 Crores.

Can we book the sale in our books as on 23-10-20 (Ay 21-22) because the last transaction has been effected on 23-10-20 on account of TDS as reflected in our 26-AS.

No, you need to create GST liability when the payment is received.

Bajaj Finserv

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