Question 61:

1) For GST we have to follow accrual basis, I have raised bills in March,2018 and the amount not received till date, GST paid under GSTR3B and show the invoices in GSTR1 of March. How to show the pending invoices in my books as I maintain books and file my ITR on cash basis of accounting?
2) TDS deducted by client on provision for audit fee 2017-18, whether the same will be treated as advance in CA books and CA is liable for GST on advnace (TDS)

Answer  

You have to deposit GST because the invoice is raised. This entry will be recorded with memorandum voucher in accounting books . Open a GST Receivable Account.

GST Receivable A/c Dr.
To Bank A/c

So far as income is concerned being in the system of cash basis accounting, the above income will not be recorded.

Please note there are 2 different acts: GST and Income Tax. The Law is different for taxing of supply and taxing of income.

You should prepare a reconciliation of GST sale and financial sale.

This is a requirement in Audit of your clients also.

2. The provision of TDS by the client is not equivalent to payment of fees to you. So it is not an advance. (reply dt. 05/04/2018)