...say we raise a gst invoice of 4 lakh on 1st dec 2017 gst will be 18% i.e. rs 72000 case 1 -now s…
...say we raise a gst invoice of 4 lakh on 1st dec 2017 gst will be 18% i.e. rs 72000 case 1 -now say payment is received on 5 th feb - isn't it wrong that i had to pay 72000 in january when i actually received any payment in februrary. case 2- now say we don't receive payment till 31st march 2018 - how will i account for the same case 3 - say we dont recieve payment even untill march 2019 this question is based on the fact that we actually have few 2 years bills which are still unpaid. but the issue now is that i have to pay gst regardless of payment.
