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Invoice of credit and TDS

172 views 3 replies

santhosh Madhava

Others

37 Points Joined January 2014

Hi to all,

I would like to know if a business is an export service and is nill rated. Due to SARS-CoV-2, the invoice of march is credited on the 14th of April, does he/she should consider it for the March invoice while filing GST?

The business has consultants to be paid and due to the pandemic and late payment of consulting fee, TDS now forwarded from March to April. So expenses are considered for April from March invoice.

Please suggest. Regards.

Replies (3)

CA Naveen Chand

Chartered Accountant

12739 Points Joined December 2016

determine as per "time of supply"

Rajkumar Patel

602 Points Joined January 2020

You will have submit invoice according of "Time of supply of services u/s 14"
supply shall be considered in month for return filing on date of following, (earlier of following) .
1) Date on which supply recored in book
2) Date on which Payment of Supply CR. to Bank Account
3) Date of invoice,(if invoice issue on, or before with 30days from Supply complation.)
OR
3) if invoice not issue on, or before with 30days from Supply complation, than Date of complation of service