Late entry of invoice by CA

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A user's Chartered Accountant made a late expense entry for FY 19-20, which appeared as 'expenses payable'. Now, for FY 20-21, an invoice has been raised for this amount. The user is seeking guidance on how to correctly journalise this in FY 20-21, particularly concerning the payment, the existing 'audit fee payable' balance, and claiming GST Input Tax Credit (ITC) without creating a double entry.

Kunal Mittal

Kunal Mittal (Querist)
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10 April 2022 On finalizing of P/L of FY 19-20 our CA had put an entry for x+18% amount in expenses and the same is shown as expenses payable in B/s. In FY 20-21 he has raised an invoice for x+18%.
Now how will it be shown in journal of 20-21.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 April 2022 Credit bank while making payment of the invoice and debit expenses payable shown in B/S.

Kunal Mittal

Kunal Mittal (Querist)
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10 April 2022 Audit fee payable is already standing in opening and now he has raised invoice also which is showing in gst portal : basic + gst. so basically it'll be double entry if I again enter the invoice.
Please help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 April 2022 Don't enter the invoice pay against audit fees payable. Claim ITC basion invoice.

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