If I paid advance to party in March 25, and gst bill be generated in April 25. So this payment was consider as income or not
Menu
If I paid advance to party for purchase in m
Replies (2)
Quick Summary
No. It will be considered only in April month,
Advance outsatnding as on 31st march is Balance sheet item.
Hence, not required show as income in P & L report.
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
