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Gst applicability for tax invoices raised on sale on credit

Vikas Sinha (Tax Consultant) (89 Points)

30 May 2018

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..

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Ravi SADhiyan (Practice) (4510 Points)
Replied 30 May 2018

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

Subhkaran Surana (343 Points)
Replied 30 May 2018

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