Settlement of advances while preparing invoice
This query is : Resolved
09 September 2017
Dear All
Please consider that one supplier has received an advance of Rs 10,000/- in July and for which he has paid liability in July itself. While preparing the Invoice in August how it should be shown? Whether Invoice has to be made in actual amount or on the amount after reducing the advance received.
Thank you in advance
Please consider that one supplier has received an advance of Rs 10,000/- in July and for which he has paid liability in July itself. While preparing the Invoice in August how it should be shown? Whether Invoice has to be made in actual amount or on the amount after reducing the advance received.
Thank you in advance
09 September 2017
Invoice has to be made for actual amount less advance.
09 September 2017
Thank you sir. I have another query regarding an invoice which has multiple rates of GST. One of the item has actual amount in invoice as we have not added any profit on the same and billed buyer the exact amount. While uploading invoice it will also be uploaded as its in inclusive of the invoice. Is that correct? or shall we prepare debit note for that particular item separately?
09 September 2017
Prepare debit note for the particular item.
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