Credit note issuance under GST

ITC / Input 227 views 5 replies

Way2Go

Finance

54 Points Joined January 2012

Hi,

There are a few queries:

1. Invoice has been issued during FY 18-19 and filed in GST 1. However, goods were returned/not delivered and no payment received as well. But credit note has not been issued till date. To get GST refund, will have to issue GST credit notes before six months from the end of the financial year i.e. September or the date of filing the annual return, whichever is earlier. Since the time limit has exceeded now, what should be done?

2. Company sends the goods to other state customers using courier service but charges the shipping charges separately in bill. The courier service charges gst @ 18% to the company. Should the company charge shipping charges at the same gst rate or the gst rate of product?

3. Company sends the goods to other state customers using courier service. However, no e-way bill has been raised till date and the raising of e-way bill by the courier service is yet to be confirmed. Should the company raise e-way bill for all consignments from the beginning? Is there any limit for e-way bill and should the company also raise e-way bill even if the courier service raises the same?

4. One customer to whom there is a local branch as well a branch in another state, the invoice format is as below:

Customer Name

Local Billing Address

GST number of the branch located in another state

The delivery is to a person from the local branch who collects it in person and sends to the branch located in another state through their own consignment. Is the above format of invoice allowed due to this reason specified? If not, what is to be done?

Replies (5)

SOWJANYA M

840 Points Joined June 2019

2. in the invoice itself the postage charges to be raised as per the goods rate.
u can take the ITC on courier charges levied to u.
3. amount of e way bill is must for inter state is Rs 50000 & above
any one only raise eway bill: recipient or supplier or transporter

Divakar

Student CA Final

11857 Points Joined May 2015

1.amend ur original invoice amount in current GSTR1 with nominal value like rs.200....in current month GSTR1 in amended column ...ur sale amount is autimatically reduced

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

1. Yes you are correct Neither the Invoice nor Credit Note can be issued. But Receptient can Issue Invoice for current date to Supplier (For goods return)

2. As per Composite Supply define in Section 2(30) & 8(a) of CGST Act , rate will be applicable as per Rate of Principal Goods in Bill.

(Note : Yes if separate bill is issue for shipping , needs to charge @ 18 GST.)

3. Mostly when goods are delivered by Courier Services , it's courier co. who generates the Eway. & if it is not generated , then Now cannot generate the Same . (In term of Rule 138 ).

4. I could not Get it , kindly explain.….

Way2Go

Finance

54 Points Joined January 2012

4. Say this is how it looks in the invoice

Customer name

Address: Orissa (Local address)

GSTIN: 19XXXXXX (WB state code where the branch office is located)

Taxable value+cgst+sgst = invoice value

However, in gstr 1, they had considered Orissa GST number and applied cgst &sgst. So charging GST wise no issue but the invoice shows WB GSTIN. Is that alright or should revised invoice be issued?

1. I couldn't get ur reply for point 1. Can you please elaborate? Should the recipient raise an invoice on the supplier now even though the goods have been returned long back?