Tds on advance payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2016 i made advance payment in august 2015 and TDS deducted against such advance payment , now in February 2016 received a bill (without service tax) whether i can book this bill, whether any problem i have to face for bill book after 30 days after advance payment.please mention case law or circular please mention.

Ganeshbabu K

Ganeshbabu K (Expert)
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16 February 2016 You have followed tds provisions properly,,why you will get problem you can book expense on date of receipt of bill
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What case or circular i should provide for,,, this is simple accounting concept.you can book expense when you receive bill ,,and u did correct deducting tds on advance payment as per RULE