If anyone raised a tax invoice for his sales for which he will get his money after 60 days then will he have to include that invoice in his gst return for the month in which the invoice is raised or in the month when he get his payment ...please explain in detail..
Menu
Gst applicability for tax invoices raised on sale on credit
Replies (2)
| Originally posted by : Vikas Sinha | ||
 |
If anyone raised a tax invoice for his sales for which he will get his money after 60 days then will he have to include that invoice in his gst return for the month in which the invoice is raised or in the month when he get his payment ...please explain in detail.. |  |
Invoice include in the GSTR -3B & 1 in which period its issued Not on the period in which Amt Received againts bill
Suppose
Invoice date 01-Mar-18 and Payment received in 30-May-18
Than above invoice unclude in Mar-18 GSTR-3B & 1
As per section 12 read with section 31 of the CGST act, 2017 invoice need to be issued at the time of
removal of goods and time of supply will be the time when the invoice is issued.
Thus, the month in which the invoice is issued would be the time of supply
removal of goods and time of supply will be the time when the invoice is issued.
Thus, the month in which the invoice is issued would be the time of supply
Recent Threads
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
Related Threads
CAclubindia
