Hi All,
We are engaged in the architect business.
We will be raising 10-20 invoices per month. But we are receiving the fees in one or two months.
So GST is affecting the cash flow of the business.
Can we Gst on receipt basis.
pls clarify
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GST ON PAYMENT OR CASH BASIS
Replies (1)
No, as far as I know, the GST Liability occurs whenever bill is raised
Therefore GST is on due basis and not on receipt basis.
Therefore GST is on due basis and not on receipt basis.
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