Goods delivered or shipped to the registered buyer with 3 month credit term of sales. How to make tax invoice with date of supply or date of amount received from the buyer? If invoice made on supply the tax payer paid GST on the date of sales.. How to handle this transactions?
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Estimate of gst invoice
Replies (1)
Yes , As per Section 31 CGST Act , Tax Invoice is to be issue on Removable of Goods for supply Recepient. Hence the Act Not allow you to make Invoice on date of Payment Reced .(In Goods)
And As per Section 12 CGST , the liability to Pay tax is the date of tax invoice Issued.
And As per Section 12 CGST , the liability to Pay tax is the date of tax invoice Issued.
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