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Delay in raising invoice

Mackie (Entrepreneur ) (287 Points)

20 April 2021

hello hope everyone is safe and doing well.

we provide our services to corporate clients. Is it mandatory to raise the invoice within 1 month from the date of service? What if we are not able to raise the invoice within 1 month due to ongoing pandemic? Pls help and let us know the GST rule in this regard. Thanks!

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5 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 20 April 2021

Gst rules are not transparent and it mentions that invoicing deoends upon types of goods, service and usually 30 days is the time limit. But an invoice must be raised before the filing dat

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yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 20 April 2021

I don’t understand why India treats everything as rich and poor just like IndAS and AS and now e-way bill for only 100cr companies. E-invoicing is so easy and if a computer generates it, no need for invoice processing. So every company can have an e commerce platform and that’s it!

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CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 20 April 2021

IF you are not able to raise the invoice within the time limit provided then it will affect your time of supply.

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Mackie (Entrepreneur ) (287 Points)
Replied 20 April 2021

Originally posted by : yasaswi gomes
	I don’t understand why India treats everything as rich and poor just like IndAS and AS and now e-way bill for only 100cr companies. E-invoicing is so easy and if a computer generates it, no need for invoice processing. So every company can have an e commerce platform and that’s it!

couldnt agree more with you Yasaswi. Raising invoices in hard copies and sending them across is a hassle specially during this pandemic time. GST Dept. anyway pushes so many things down our throat for no reason, I think e-invoicing is the need of the hour and should be implemented for all...

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Mackie (Entrepreneur ) (287 Points)
Replied 20 April 2021

Originally posted by : CA Puja Sharma
	IF you are not able to raise the invoice within the time limit provided then it will affect your time of supply.

right, puja, Understood but I have also read something about continuous supply of services under gst wherein if we have regular transaction with the same client on a regular basis then we can raise invoices altogether at a fixed time interval. Think will have to read about it a little more. Can someone who knows this clause better explain this?