Gst entry to be rectify

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M Sairam (Querist)
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05 January 2018 Dear experts,

we are issued a tax invoice on 3rd Oct, 2017 for FY 2016-17 Accounting working. Accounting fee - 60,000/- & CGST& SGST - 10800/- are the breakup of tax invoice. I passed entry for tax invoice on 31st march, 2017 as below as my principal said,

Accounting Fee A/c Dr 70,800 (Includes GST)

To MAK A/c (My office) 70,800

Now Problem is, How to pass entry to utilise the ITC from the above tax invoice because we already filed clinet Oct month GST return by utilisation of ITC from above tax invoice for accounting work. and how to keep same 70800 outstanding due even after pass rectified entry for the above entry.

RAJA P M

RAJA P M (Expert)
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05 January 2018 Are registered under Service Tax...?

M Sairam

M Sairam (Querist)
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05 January 2018 Yes but invoices raised on 3rd OCt 2017 So GSt will come instead of ST.

RAJA P M

RAJA P M (Expert)
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05 January 2018 Yes... I understand the invoice date. But, you are enter the details with "GST" on 31st March 2017 is not possible...

RAJA P M

RAJA P M (Expert)
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05 January 2018 Time limit for ITC claim under GST : If invoice or debit note is received after: the due date of filing return for September of next financial year or filing annual return (whichever is later No ITC will be allowed)

M Sairam

M Sairam (Querist)
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05 January 2018 Sir, Invoices are received and ITC is claimed before Due date. for claiming ITC in GST, separate entry shall be pass for Input GST but FY 2017-18 dated tax invoices for FY 2016-17 work booked in FY 2016-17 as Audit fee includes GST. So no separate entry passed for GST. Now i have to pass entry to seprate GST from audit fee to claim ITC (Return already passed).

M Sairam

M Sairam (Querist)
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