I need to give a collections report vis-a-vis the sales during a financial year. There has been many invoices raised by us on our clients which are consultancy services invoices , on which our client deducted TDS before paying to us. Some invoices are goods trading invoices which do not involve any TDS. But all are B2B GST invoices. Now when I am computing the collections for the FY, should I consider the actual net amt paid by the clients ? Or should I consider the gross amount of collection which does not take into account the TDS deducted ? Please advise.
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Collections Report
Replies (3)
Quick Summary
Ok understood
I need a reply to my query please.
It's not possible to segregate by Yourself if advice not received from Party.
But,
You can adjust as per agewise bills or
Calculate the TDS amount (which is deducted in payment) and match the bills which applies TDS.
After that you get sales bill payment on balance amount....
But,
You can adjust as per agewise bills or
Calculate the TDS amount (which is deducted in payment) and match the bills which applies TDS.
After that you get sales bill payment on balance amount....
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