My client had registered for gst in January 2021. He had issued an invoice for services to a PSU in februry 2021 for rs 15 lacs plus gst and the 2nd invoice for rs 7.5 lacs plus gst in April 2021. The PSU had made a provision entry in their books for rs 7.5 lacs in March 2021 and accordingly deducted TDS @ 7.5% on the provision made.
Even though the Rules in GST permit the same, Form 26AS shall not tally with his Gst Return .Will that create an issue later on?
Provision of expense
Ryan Lasrado (CEO) (96 Points)
06 May 2021
CAclubindia
