Invoice issued but goods delivered after 5 dayd

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This query is : Resolved

Quick Summary

This discussion addresses concerns about GST implications when goods are delivered after the invoice date. The consensus is that as long as both the invoice date and delivery date fall within the same financial month, there should be no GST issues. For accounting purposes, while the purchase entry can be made as per the invoice date, the date of goods receipt is crucial for claiming Input Tax Credit (ITC) under GST.

ARUN GUPTA

ARUN GUPTA (Querist)

18 September 2021 We purchased goods on 13/9/2021 and party issued us invoice but goods could not be delivered. Now goods are delivered on 17/9/2021 by eway bill. Invoice date is 13/9/2021 on eway bill. Will there be any issues from GST side. What will be date of purchase entry in our books of Accounts? Please clarify?

CA Altamush Zafar

CA Altamush Zafar (Expert)

18 September 2021 No issue in delayed delivery.
Your purchase entry in books can be the invoice date but Goods receipt note will be on 17/09/2021

ARUN GUPTA

ARUN GUPTA (Querist)

18 September 2021 We don't have goods receipt note system in our accounts

ARUN GUPTA

ARUN GUPTA (Querist)

18 September 2021 We will make purchase entry as per invoice date and sales entry as per sales invoice date. Will there be any issues in this case?

ARUN GUPTA

ARUN GUPTA (Querist)

18 September 2021 Will there be any issues? Please reply?

CA Altamush Zafar

CA Altamush Zafar (Expert)

18 September 2021 There will be no issues since it is in the same month

ARUN GUPTA

ARUN GUPTA (Querist)

18 September 2021 Can we claim ITC on purchase invoice issue date or after eway bill issuance date?

Udaya Chandran

Udaya Chandran (Expert)

18 September 2021 The date of entry in the books should be date of receipt of goods as far as GST is concerned. Suppose Invoice date is 30/09/2021 and goods received on 01/10/2021, ITC is available only in the month in which the goods are received, i.e. October 2021. In your case, both the dates are in the same month, so no issue.

CA Altamush Zafar

CA Altamush Zafar (Expert)

18 September 2021 ITC to be claimed when goods received

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