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
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
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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