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Unbilled Revenue

satish Motipalli (Student CA Final ) (119 Points)

12 December 2019

Dear Experts,

please explain the treatment of unbilled Revenue in monthly GST returns.

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2 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 12 December 2019

If receipt is against supply of goods, then you can treat is as advance received and may issue the invoice later or in subsequent month. No GST is payable on advance received for supply of goods.

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Rajan Kumar (55 Points)
Replied 12 December 2019

@ satis
no treatment of unbilled revenue in monthly return. Since neither GST3B nor GSTR 1 option is available to provide details of unbilled revenue. Details of unbilled revenue required to furnish by the GST auditor in GSTR 9C only.