payment after three monts, Goods and Services Tax - GST

[arun aggarwal]

Sir

In our trade the practice of payment to the vendor is from 3 to six months and sometimes more.

I would like to know the implications of the GST in this situation.

Thanx

Arun

Posts / Replies

[KASTURI SETHI]

You may receive payment late but tax is to be paid as per the date of invoice or completion of service or the date of receipt of payment from service recrivrt, whichever is earlier.

[arun aggarwal]

Thanks