27 May 2018
A company is rendering services and the bill of particular month is issued in next month so the bill of Feb is issued in March and of March in April and as time of supply in GST the liability of GST arises in march & April respectively which is payable in april & may resp., but as per accounting since the services are rendered in Feb & March it is considered turnover of FY 17-18 and GST payable of Feb & March is recognised as liability , so for accounting purpose the services rendered in March is considered in FY 17-18 and for GST purpose the services of March is considered in FY 18-19 in GST . Pls correct me if wrong