We owed for FY 16-17
a) Rs 2000 to one of our URD suppliers for Service received in FY 16-17 and
b) Rs 300 to one of our Registered Suppliers for goods purchased & supplied on Tax Invoice in Feb 2017.
Both entries were booked in FY 16-17 but payments were finally made in August 2017.
Is there any GST implication?
CAclubindia
