Tax invoice for next quarter raised in current quarter
Company A has raised a tax invoice stating the description as services provided for the period Apr 2019- June 2019 but the supply was related to period July to Sep 2019. Though amount has been received in advance in previous quarter (April) and tax was paid by filing Vat return, does issuance of tax invoice with description Apr to June 2019 services correct or not?
12/11/2019 16:17:50
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Khushboo Jain12/11/2019 19:28:12
as per my view, it can be treated as cancellation of supply in april quarter as supply didnt happen in april quarter. Credit note to be raised for April quarter and supply to be considered in July quarter. further if the tax amount is more than AED 10,000 VD to be filed.
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