14 March 2013
Dear sir, I am a supplier and service provider of electrical items. I have gave a proforma invoice to my customer on 04-03-2013 for Rs. 17,24,000 for CCTV camera along with installation services on which the customer paid me Rs. 10,00,000 as advance on 10-03-2013. I will start my work on or after April, 2013, so can i book Rs. 10,00,000 as my sale for A.Y. 2013-14.
14 March 2013
You are saying you given proforma invoice i.e you issue it like a quotation not issued original invoice(actual invoice) so you need not to book it as income for A.Y 2013-14 and the Rs.10,00,000 will be recognaise as advance for the service to be provide. But according to the POT rules you have to pay service tax on Rs.10,00,000 for the Month of March 2013.
14 March 2013
That means your customer treating it as expense to them for A.Y 2013-14 and they deducted TDS so now you haven't another option you should also reconaise such income for A.y 2013-14 because of TDS and to claim TDS.
CAclubindia
