Sir,
I am indenting agent and receiving commission on sales of goods. I issue invoice to overseas principal once every quarter - my question is when is GST payable?
example
Sales during Jan - March 2021 : Invoice to be raised during April 2021. Payment received from overseas supplier in April 2021.
GST payable: During May 2021
Is this correct?
or
Should I issue invoice every month even though my principal remits payment only once after end of each quarter?
Thank you.