March Invoice not in AS26

sunando ghosh (consultant) (43 Points)

08 July 2022  

I went into independent consulting beginning April 2021 till now.

My monthly billing for consulting services was fixed at 2 Lakhs.

For April 2021 services; i raised invoice in first week of May 2021..and so on

effectively invoice was raised next month for each month services.

 

MY AS26 looks like

 

pls see attachment

 

Now from GST perspective it was fine as invoice date was used for GST returns.

 

But for March 2022; I raised invoice in April 2022 for work done in march 2022 with invoice date of 3rd April 2022.

So basically March 2022 billing / revenue is missing in AS26 as company who took my services did not recognize.

 

If i recognize March 2022 Billing (for which invoice is raised in April 22) revenue in FY 2021-22; TDS won’t match and form 26AS would differ. but Accrual probably requires me to account for in FY 2021-22.

 

Your thoughts Pls.