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Contract income on accrual basis
i am a contractor.i have issued bill for 8L this month.But received only 3L in this month...what is the amount to be reported in Gstr 1?pls reply thanks in advance
Replies (4)
Quick Summary
All invoices
All invoices has to be reported.
input tax credit can be taken for those which has gst registration and input can be raken
input tax credit can be taken for those which has gst registration and input can be raken
Invoice value to be reported in GSTR 1 irrespective of the payment status.
You need to report 8L in this case.
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