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?
Menu
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.
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
