Invoice shift

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This query is : Resolved

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This discussion clarifies whether March invoices can be moved to April. Generally, if services were rendered in March, the invoice must remain in March. However, if the supply itself is pending transportation, it might be shifted to April. The key point is that the expenditure must be accounted for in the period it was incurred, including TDS payment, regardless of ITC claims or portal reflection.

Prashant

Prashant (Querist)

08 April 2020 Dear,

Can we shift March bills in april though we have not paid tds or neither claimed ITC .Gst is still not reflecting on portal.

CA SANKET GARG

CA SANKET GARG (Expert)

08 April 2020 No you can not shift...if you have rendered services in march itself.

RAJA P M

RAJA P M (Expert)

08 April 2020 Yes... You can shift the supplies in April if available to transportation. But, Now transportation is not available against the Pandemic...

CA Suresh Jain

CA Suresh Jain (Expert)

10 April 2020 You can shift booking of the expenditure bill but not the expenditure. As per principle of accrual you need to provide for expenditure, you shall be required to pay TDS also. Not claiming ITC or non-reflection of the same in 2A are not material.

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