Invoice

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Shivani (Querist)
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08 August 2017 Dear Experts

If X receives goods from Y on 30 March 2017 but receives invoice on 4-Apr in respect thereof then how will accounting be done in books of both X and Y?

What will be the entries in two financial years involved?

regards
shivani

RAJA P M

RAJA P M (Expert)
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08 August 2017 In above query is important the date of Invoice not in goods.
The Invoice date is 04th april then it ll be treated next FY.....
If 30th March then it ll be treat in P.FY or C.FY.... Anyone ll be acceptable but, Once...

Shivani

Shivani (Querist)
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09 August 2017 Dear Sir

But doesn't the GST liability gets attracted at the time of receipt of goods?
and isn't the sale has been effected in previous financial year, the sale being complete at the time of delivery of goods.

regards
shivani

RAJA P M

RAJA P M (Expert)
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09 August 2017 In GST regime we can't send goods first after send invoice....

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