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Question ID : 44565

Treatment of Sales Invoices

Hi All, As assessee, being a railway contractor, had raised an invoice during Mar'23, and filed GST return of Mar'23 by including the same. However TDS has been deducted by Railways only in Apr'23 at the time of payment. If I included this invoice in FY 22-23, we will be denied the TDS credit by the CPC. Please advise if it's right to carry forward the sales to next year by showing it as WIP or otherwise and include it in next year sales and claim TDS credit. Thanks

Posted by CA. VASUDEVAN P K on Oct 26, 2023

Filed Under DIRECT TAXES

Answer ID : 85195

Show TO in 22-23 and claim TDS in next year

Posted by SURAJ KUMAR CHOUDHARY on Nov 01, 2023
Answer ID : 85220

CLAIM TDS IN 23-24 AS IT IS SHOWN BY RESPECTIVE PARTY. BUT SALES SHOWN IN 22-23 WHICH IS OKAY. NO PROBLEM IN THIS APPROACH

Posted by CA Shrawan Suthar on Nov 20, 2023