Advance payment in profit loss statement

Dr Purchases
Cr A

for good received but bill not received.

Above treatment for B in the year of receipt of goods. And pass two entries in the year you receive the tax invoice
1. reversal entry of earlier entry
2. pass purchase entry of tax invoice

Theoretically, this seems well but practically, GST input tax credit issues will crop up and unnecessary excess payment will happen in earlier years.

The items in question are zero tax rated. So gst payment issue won't be there.

 

Just to clarify, I'm assuming in this treatment suggested by you, there won't be any extra unnecessary income tax payment , right  ? 

 

Thanks