I have received amount in by bank during the month of October but not created any invoice and also not created any invoice in GSTR1 in gst portal. Is it mandatory that when the payment is received during that month itself I need to create invoice or can I create invoice during the november month. I have already filed GSTR1, what should I do? Please help me.
Menu
Gstr1 filed but no invoice uploaded
Replies (3)
Dear Murli,
1. As per GST rules, Invoice has to be issued within one month of rendering service in case of services and before removing goods in case of goods.
2. As per GST rules, liability for payment of tax arises when invoice or amount is received which ever earlier in case of services. In case of goods, in the month of raising invoice.
1. As per GST rules, Invoice has to be issued within one month of rendering service in case of services and before removing goods in case of goods.
2. As per GST rules, liability for payment of tax arises when invoice or amount is received which ever earlier in case of services. In case of goods, in the month of raising invoice.
Does that mean I can issue invoice of payment received on 10th of October on 9th of November and file gst for the same in the month of November?
Please note the above statement is post 15/11/2017 ammendment. Till 15/11/2017 for goods also tax is payable in the month of payment or invoice which ever is earlier. Post 15/11/2017 you can do
Recent Topic
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
Related Topics
CAclubindia
