I received a bill for security guard payment for the m/o sep.'20 and the bill date is 01st oct.'20. can i book that bill on 30th sep. as i have deduct tds.
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Bill Book before bill date
Replies (3)
Yes, provided you get the invoice date corrected and book and upload it. This is possible manually, but the rest depends upon your software ie if you have closed your books by month end, if you can still pass a rectification journal etc.
Tds to be made on payment or invoice whichever is earlier so in case you've made payment you can deduct tax and make entry in the books
First, booking must be made and then consequently payment occurs.
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