Dear Experts,
A proprietor has a business of Advertising , He has raised the invoice , but not received the payment . so , he has to pay the tax on receipt basis or on Billing Basis ?
Thanks in Advance .
Menu
GST liability on the basis of Receipt or on Billing
Replies (2)
as per section 13 of cgst act, time of supply of service will be the date of issue of invoice or the date of receipt of payment, whichever is earlier.
therefore in the current case let's. time of supply of service will be the date of issue of invoice.
therefore in the current case let's. time of supply of service will be the date of issue of invoice.
Yeah totally agree with @ nitin
Recent Threads
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
Related Threads
CAclubindia
