Sold goodd in August 2021 but delivered in nov2021 by eway bill

This query is : Resolved 
Quick Summary
This discussion clarifies when to record a sales entry in your books of account when goods invoiced in August 2021 were delivered in November 2021 using an e-way bill. The consensus is to make the sales entry upon delivery of the goods, not on the invoice date. While making the entry on the invoice date might not cause immediate issues, the correct accounting practice is to reflect the sale when the transaction is completed through delivery.

Profile Image

Profile Image

(Querist)
23 November 2021 We issued invoice in August 2021 but delivered goods in november2021 by eway bill.we uploaded invoice details in gstr1 in August 2021 returns. When sales entry will be made in our books of account. Please clarify?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
23 November 2021 Make sale entry in the books when you deliver the goods.
Profile Image

ARUN GUPTA

Profile Image

ARUN GUPTA (Querist)
23 November 2021 We have made entry as per invoice date. Will there be any issue ?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
23 November 2021 No issues...........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member THUSHAR MURALI KRISHNATHUSHAR MURALI KRISHNAPro Member Somnath HegdeSomnath HegdePro Member HITESH PATELHITESH PATELPro Member DEEPAK BHARGAVADEEPAK BHARGAVAPro Member SANJAY GAIROLASANJAY GAIROLA
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category