Is any time limit for outward supplies under gst....

Dear Experts.,

 

I have a Very Big Doubt or Want Details...

Please give Suggestions based any of the rules for Outward supply...

 

We have time limit for Outward supply in GST. Also under VAT, Excise and Service Tax...

 

But.,

What about Outward Supplies....???!!!
 

 

Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=1

Replies (15)
Originally posted by : S ELAVARASI
Dear Experts.,

 

I have a Very Big Doubt or Want Details...

Please give Suggestions based any of the rules for Outward supply...

 

We have time limit for Outward supply in GST. Also under VAT, Excise and Service Tax...

 

But.,

What about Outward Supplies....???!!!
 

 

Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=1

 

Yeahh... Very Nice Question Mrs. Elavarasi.,  

In Current Tax Regime no more clarity about the missing of Outward supplies in GST returns. But., In CE penalty is imposed as per sec 11AC...

(As per my view some of the Facts in GST based on CE and Service Tax and Also in VAT laws)  

 

Also we can follow our transactions as per sec 37 of CGST Act with Sec 73, 122, 123 & 126 and Any others...

 

Note: It's only based on my view and Understandings. Also it's my personal view no more exact details 

Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=2

Thank You for the reply Sir...

 

In case penalty will be levied for the missing invoices @ What rate?

There is a circular issued by the department regarding missing outward supply in return --Refer  circular 26/26/2017-GST dated 29/12/2017.

Originally posted by : CA Shivam Arora
There is a circular issued by the department regarding missing outward supply in return --Refer  circular 26/26/2017-GST dated 29/12/2017.

What is in that circular Dear...???

circular is about if you fail to show an invoice in GSTR-3B or GSTR-1 then you can adjust it next month. You will have to make the payment along with interest for the delay.

Sir.,

I know the circular. It's Just a logical solution in all the situations... But. it's not a solution or ruled...

As per my understanding we will follow as per previous IDT laws. No more time limit for outward supplies...

In the question Time limit for outward supply means time of supply or showing outward supply in return ?

FILING RETURN RETURN FOR OUTWARD SUPPLIES

Then time limit is there already.

Originally posted by : CA Shivam Arora
Then time limit is there already.

Thank You Sir

 

Where is it Sir pls?

Thank u sir

Say, in case of goods:- Section 12 speaks about time of supply i.e. date of invoice(DOI) as per section 31(1) or date of payment(DOP) whichever is earlier. Example:- DOI is 12/6/18 and DOP is 2/7/18.Time of supply is 12/6/18. Then the tax on such supply is to be shown and paid in the return to be filed on or before the twentieth day of the month succeeding such calendar month or part thereof(Section 39) i.e. by 20th July 2018.
Say, in case of goods:- Section 12 speaks about time of supply i.e. date of invoice(DOI) as per section 31(1) or date of payment(DOP) whichever is earlier. Example:- DOI is 12/6/18 and DOP is 2/7/18.Time of supply is 12/6/18. Then the tax on such supply is to be shown and paid in the return to be filed on or before the twentieth day of the month succeeding such calendar month or part thereof(Section 39) i.e. by 20th July 2018.
Originally posted by : CA Shivam Arora
Say, in case of goods:-
Section 12 speaks about time of supply i.e. date of invoice(DOI) as per section 31(1) or date of payment(DOP) whichever is earlier.
Example:- DOI is 12/6/18 and DOP is 2/7/18.Time of supply is 12/6/18. Then the tax on such supply is to be shown and paid in the return to be filed on or before the twentieth day of the month succeeding such calendar month or part thereof(Section 39) i.e. by 20th July 2018.

Thank You once again Sir...

If not shown the details of O/ward supplies in July-18 return then How can I show the details...?

 

(Here somebody says show it your next GSTR 3b / GSTR 1 return...)

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