If agent provide services on behalf of principal and agent raise commission bill for month of Jan, Feb, March and April in May month.
my question is that Agent violate the rule for invoice issue like 30days ?
Menu
date of invoice
Replies (3)
Yes, invoice should be raised within 30 days of completion of service.
what will be consequences for delay.
Consequences will be your time of supply gets delayed and in turn your tax payment gets delayed. Thus interest will be levied @ 18% p.a.
Recent Topic
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
Related Topics
CAclubindia
