04 July 2013
Dear All, This is the case of exporter- One of our client record Export sales after received Bill of Leading (i.e. first dispatched the good from office premises and after loading on ship, B.L. will received and sales will booked.) this process of booking of sales has been followed whole of the year. In the march 2013, some of goods purchased and dispatched from office premises but B.L received in April. Whether sales booked on March or April?
Please suggest about the accounting and Taxation issues.