Advance Receipt(Only in the case of service)
Q.1 On 1.1.21 Company receives Advance from Mohit Rs. 118000 against supply of interior decoration service.
Press 11 enable tax liability on reverse
charge – yes
press ALT + J
CTRL + F
PROVIDE GST DETAILS --> YES
Q.2 On 31.1.21 Company issue Bill of 300000 with GST @18% to Mohit and adjust the advance amount & pay the remaining amount.
Post a Comment