tax calculation
Sanaa...Tulip... (student) (186 Points)
16 February 2018
gst tax calculate is based on receipt basis?
9 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 16 February 2018
On invoice basis... And in case of service on advance also
Divakar
(Student CA Final )
(11857 Points)
Replied 16 February 2018
Invoice has to be issued on accrual or payment basis.. Whichever is earlier
Sanaa...Tulip...
(student)
(186 Points)
Replied 20 February 2018
if Invoice issued in January but payment not made till February then in which month amount must be filed ?
Divakar
(Student CA Final )
(11857 Points)
Replied 20 February 2018
20 February due date for this invoice
Shivam Agrahari
(3 Points)
Replied 20 February 2018
Im unable to find practice manual or study material of gst in Hindi medium of IPCC plz help shivamagrahari007 @ gmail.com
Teja Ahuja
(ca)
(63 Points)
Replied 20 February 2018
If Invoice is raised in January, Point of Taxation will be the invoice date. Hence Liability to pay GST will be for the month of January, which is to be paid by 20th of February.
Divakar
(Student CA Final )
(11857 Points)
Replied 20 February 2018
Once invoice is raised... Ur tax liability arisen
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