TMI BlogAUDIT fee PAYABLE 31.03.2018 GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir Audit fee provision for audit of Books 31.03.2018 . As the accounting system under GST is accrual now for professionals, if clients book audit fee on 31.03.2018,then we have to deposit gst in april 2018. Kindly guide. - Reply By KASTURI SETHI - The Reply = In my view, answer is 'yes'. - Reply By satbir singhwahi - The Reply = Sir whether merely making provision in books would a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ttract GST. pls guide. - Reply By KASTURI SETHI - The Reply = For March, 2018, you can deposit GST in April, 2018 depending upon due date of filing returns. Earlier provision of due tax in March should be paid in March does not exist in GST era. Regarding the booking on accrual basis, I have no commerce background. Other experts may intervene. - Reply By Ganeshan Kalyani - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = Professional service is under forward charge. The suppier of service is liable to pay tax. He has provided the service but has not raised the invoice on the recipient and hence the recipient has created a provision in his books. The supplier of service is not liable to pay tax if has time within which he has to arise the invoice otherwise tax is payable. In any case recipient of service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is not liable to pay tax on the provision of expense accounted in his books. Thanks. - AUDIT fee PAYABLE 31.03.2018 GST - Query Started By: - satbir singhwahi Dated:- 31-3-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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