Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

6 month old invoice received for making payment

27 May 2018

impact on taking credit
effect on the GSTR 2 as the invoice is not yet booked and filed GSTR 3B &1 till date.
Should we get invoice revised as on current date from the vendor and can they do it.

Reply
Follow
Share

11 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 27 May 2018

Originally posted by : shweta shetty
	impact on taking crediteffect on the GSTR 2 as the invoice is not yet booked and filed GSTR 3B &1 till date.Should we get invoice revised as on current date from the vendor and can they do it.

If Vendor mentioned that invoice in GSTR-1

Than you can claim ITC on that Invoice

You can received GSTR-1 Screen shot of your particular invoice

Vinod Babu (24196 Points)
Replied 27 May 2018

Please brief your query.
You have not take ITC or missed out to account in books and gstr return or
The supplier has not accounted in their returns.

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 27 May 2018

No the vendor will not revised the invoice . Yes can book such invoices in your 3b , & Prepare the reconciliation statement for the same

The vendor can Issue only debit or Credit note, There is no Provision in GST for Revision of Invoices, except , the registered person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised invoice in respect of taxable supplies effected during the period starting from the effective date of registration till the date of issuance of certificate of registration.

He may issue a consolidated revised invoice in respect of all taxable supplies made to a recipient who is not registered (does not have GSTIN).

2 Like

shweta shetty (14 Points)
Replied 27 May 2018

we have received the invoice now hence we have not booked it and so have not taken any credit

Vinod Babu (24196 Points)
Replied 27 May 2018

Yes, you can take ITC in next returns.
ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:

Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual return

Note: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.

2 Like

Ravi SADhiyan (Practice) (4510 Points)
Replied 27 May 2018

Originally posted by : Vinod Babu
	Yes, you can take ITC in next returns. ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual returnNote: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.

Agree With Mr. Vinod Sir Advice

Ravi SADhiyan (Practice) (4510 Points)
Replied 27 May 2018

Originally posted by : Vinod Babu
	Yes, you can take ITC in next returns. ITC can be claimed only within one year from the date of issue of tax invoice relating to supply. In any other case, the last date to claim ITC is earlier of the two below:Before the filing of valid return for the month of September following the end of FY to which such invoice is related, or Before the filing of the annual returnNote: As per section 44, the last date for filing of annual return is 31st December following the end of the financial year.

Agree With Mr. Vinod Sir Advice

shweta shetty (14 Points)
Replied 27 May 2018

will have any problem in reconciliation??

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 27 May 2018

Your have to book such invoices on its original date , but as the credit cannot be taken on back date as you might have already filed the 3b for that period,
So kindly take the ITC of such invoices in your current 3b & do prepare the Reconciliation statement for the same

2 Like