Dear Experts,
please explain the treatment of unbilled Revenue in monthly GST returns.
If receipt is against supply of goods, then you can treat is as advance received and may issue the invoice later or in subsequent month. No GST is payable on advance received for supply of goods.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
