Bill booking date

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2016 Dear Experts,
One of the expenses bill date is 14/12/2015 but we have received this bill on 11/1/2016... now the querstion is being arries on which date this bill should be booked however before booking the same we have to consider the three aspect , income tax deduction, ST credit, TDS, kindly guide me properly on which date this bill should be booked for TDS deduction, service cenvat, income tax deduction as expenses,

Regard
Manish jain

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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06 April 2016 Bill Should be accounted Basis of Bill Dated not Bases on Receipt, you can take soft copy of Bill.you can rework same.

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2016 Sir.... for tds purpose Why many CA believe that the bill should be book on receipt date..
If vendor is not from your city then No bill can be receipt on the same date however TDS liability will arries at the time of credit or payment whichever is earlier....

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