we are raising the invoices for the projects we carry out under scientifc consultancy services. Say .eg. we raise an invoice today (6th Nov. 2017) for for Amount Rs. 10 Lakhs. Which has GST as Rs. 1.8 Lakhs. This GST when we should pay?
1. After recieving the amount: as we sometimes we may not get the money.
2. Aftr recieving the payment
3. We may get partial payment>
In all these cases when shall we pay GST by which date.
06 November 2017
In your case, GST to be paid by next month before 20th irrespective of your collections for the invoice. But the customer should pay the invoice amount within 180 days in order to claim ITC or to be reversed.
CAclubindia
