31 December 2020
Sir, I have partially completed a work-contract till 31.03.20, but still a lot of completion is to be finished. Bill has not been raised by me yet. But I have purchase bills of raw materials. Hence, I have only purchases and input and not sale and output. For Income tax, there is only purchases e.i. net loss. And for GST, there is only input. Sir, how should I treat the above in GST and Income tax ?
02 January 2021
If a prepare sale invoice based on value of my work done without submitting the same to the state govt.deptt. for income tax & GST only and deducting the sale bills amounts from final bill, will it be advisable ?
CAclubindia
