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Accounting gst

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How to account March bill april ?

We received March month bill in april which is liable for GST. How toaccount this bill in April ?

We passed provision entry in March with GST, but we can claim GST Credit after receiving the bill.

can we reverse this provision entry in april and pass payment in April ?

Replies (4)
In my view.,

As per GST we can't book the Purchase bill if not received the goods. So, No way for booking in March. But, You can book the Purchase in April...

Also no need provision entry.

But the expense(Audit fee) is of march i.e.., FY 17-18. While closing books we have to show that expense. What entry I have to pass ?

Provision entry should be passed without GST.
Dr. Audit Fee - XXXX
Cr. Audit Fee Payable - XXXX...


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