Contract income on accrual basis

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514 Points Posted on 11 March 2023
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
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On 11 March 2023 at 12:34 Report
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Quick Summary
As a contractor, you've issued an ₹8 lakh bill but only received ₹3 lakh this month. For GSTR 1 reporting on an accrual basis, you must declare the full invoice value of ₹8 lakh, irrespective of whether the payment has been received. Input tax credit can be claimed for invoices where the supplier has GST registration.

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Pivate
1492 Points Posted on 11 March 2023
All invoices
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On 11 March 2023 at 13:22
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Profession Business
28246 Points Posted on 11 March 2023
All invoices has to be reported.
input tax credit can be taken for those which has gst registration and input can be raken
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On 11 March 2023 at 14:29
Guest

Invoice value to be reported in GSTR 1 irrespective of the payment status.

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On 12 March 2023 at 09:13
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Practice
1361 Points Posted on 12 March 2023
You need to report 8L in this case.
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On 12 March 2023 at 10:24

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