Accounting gst

232 views 4 replies
User Avatar

Student CA Articleship
848 Points Joined June 2015

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 ?

0 Reply Share Follow
On 19 April 2018 at 10:41 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
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.
Reply
On 19 April 2018 at 21:11
User Avatar

Student CA Articleship
848 Points Joined June 2015

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 ?

Reply
On 21 April 2018 at 11:55
User Avatar

5 Points Joined April 2018
Provision entry should be passed without GST.
Reply
On 22 April 2018 at 13:49
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
Dr. Audit Fee - XXXX
Cr. Audit Fee Payable - XXXX...
Reply
On 22 April 2018 at 15:29


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading