https://www.taxtmi.com/forum/issue?id=121025 Income-tax books may be maintained on either cash or accrual basis, but the chosen method should be applied consistently. Where an export invoice has been reported for GST on an accrual basis, the same basis for income-tax reporting is advised to facilitate reconciliation with GST turnover. Records should include invoices, inward-remittance evidence, contracts or work orders, and proof of service delivery. Foreign-exchange receipt timelines, applicable SOFTEX or export declaration reporting, and FEMA-related compliance should be observed. A change in accounting method requires reasonable justification and may attract scrutiny. en-us Tue, 14 Jul 2026 12:54:33 +0530 Sun, 19 Jul 2026 05:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121025 Income-tax books may be maintained on either cash or accrual basis, but the chosen method should be applied consistently. Where an export invoice has been reported for GST on an accrual basis, the same basis for income-tax reporting is advised to facilitate reconciliation with GST turnover. Records should include invoices, inward-remittance evidence, contracts or work orders, and proof of service delivery. Foreign-exchange receipt timelines, applicable SOFTEX or export declaration reporting, and FEMA-related compliance should be observed. A change in accounting method requires reasonable justification and may attract scrutiny. Discussion-Forum GST Tue, 14 Jul 2026 12:54:33 +0530 https://www.taxtmi.com/forum/issue?id=121025