Bill Book before bill date

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.

Replies (3)
Quick Summary
This discussion addresses the scenario of receiving a bill for security guard services for September with an October bill date. It clarifies that you can book the bill on September 30th for TDS purposes, provided the invoice date is corrected. The ability to do this manually depends on your accounting software's capabilities regarding month-end closures and rectification entries. TDS should be deducted based on whichever occurs first: payment or invoice date.

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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