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Amendment of nov2019 invoices in jan2021

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jagan

24 Points Posted on 11 March 2021

if I amended nov2019 sales invoices in jan 2021 GSTR-01. can I get tax benefit on those invoices?

Replies (2)

Quick Summary

This discussion addresses amending sales invoices from November 2019 in the January 2021 GSTR-01 filing. While direct amendment might be restricted, it's clarified that changes for the 2019-20 financial year were possible until 31st March 2021. To claim tax benefits, specifically reducing tax payable, the recommended approach is to issue credit notes against the original invoices. These credit notes can then be reflected in the subsequent GSTR-1 filing, effectively reducing your overall tax liability in GSTR-3B.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 12 March 2021

Not possible for amending invoices of Nov 19 in Jan 21 Gstr 1

anita

trainee

246 Points Posted on 13 March 2021

Mr Sourav Amendment of invoices of 2019-20 is possible till 31.3.2021.

Mr Jagan Iam assuming you want to reduce the tax payable amount in these invoices, in my opinion you should upload credit notes against these invoices to get the benefit in the next gstr1 and reduce your liability in GSTR3B

I hope this helps