Check sibling questions

Example 5 No TDS

Payment Made in Advance

The Company entered into connect with Max Ltd on 25 April for 100,000+ GST 18%

20% paid in advance on that date to Max Ltd

Bill Received on 10th June from Max for Consultancy Service

Balance 80% Paid on 28 October

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Example 6 With Tds

Entry is different in both cases as shown below

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CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.