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Missed invoice of August 2019

Dev (Article Trainee.) (608 Points)

22 December 2020

What to do with old invoice which was missed in FY 2019-20.
2 invoice issued in August but didn't receive payment till date. but now Party ready to pay invoice amount.
PLZZ suggest..what to do.. should we pay taxes and enter details in GSTR 9 fy 2019-20 directly..
Is ITC available to paying party?

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4 Replies

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 25 December 2020

File with invoice with 18% interest

Dev (Article Trainee.) (608 Points)
Replied 25 December 2020

How to file.. Gstr 9 or gstr 1.. I think we can't show invoices of FY 2019-20 in gstr 1 after September 2020..

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 25 December 2020

Annual return or next year september month return , which ever is earlier , we can adjust outward tax liability !

Normally december 31st is the due date for annual return!

Dev (Article Trainee.) (608 Points)
Replied 25 December 2020

Thanks for reply.. Annual return or next year September month return Whichever is earlier..It means September 2020 was earlier than Annual return due date which is 31st dec.... Right.. I am confused..