Respected Sirs & Mams..
Our sale Invoice date is 20th December, 2021..
But the Materials were shipped overseas on 4th January, 2022..
How do I treat the sale..
Shall I show in December 2021 GSTR1 & GSTR3...
OR
JANUARY 2022.
Should I follow Invoice Date or Shipping Bill Date.
Suggestions from experts will help me a lot.
Thanks
Eajaz
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Invoice date vs Shipment date
Replies (4)
I think the sales can be recorded on any of the two dates, as per the requirement of the buyer or the seller.
But the invoice date is more feasible to record the sale transaction.
You have to give both the details of Invoice and shipping bill in Table 6A of GSTR1 , for i.e Invoice Date , Number , shipping billing number and date , port code , invoice value , IGST etc just check in table 6A of GSTR1
I think you can file before 11-1-22 last date of GSTR1 filing .
As per section 12 (2) time of supply is date of invoice or date of payment whichever is earlier.
in your case you should show this in December, otherwise you may have to pay interest if you file this in return of Jan.
in your case you should show this in December, otherwise you may have to pay interest if you file this in return of Jan.
But sir, we will not be knowing the Taxable value of the materials shipped overseas till 14th January 2022..
In this case what to do..
In this case what to do..
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