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Missed invoice of August 2019

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Dev

Article Trainee.

461 Points Posted on 22 December 2020

What to do with old invoice which was missed in FY 2019-20.
2 invoice issued in August but didn't receive payment till date. but now Party ready to pay invoice amount.
PLZZ suggest..what to do.. should we pay taxes and enter details in GSTR 9 fy 2019-20 directly..
Is ITC available to paying party?

Replies (4)

Quick Summary

This discussion addresses how to handle an invoice from August 2019 that was missed for the 2019-20 financial year. The sender is seeking guidance on whether to pay taxes and declare it in GSTR-9 for that year, or if it can be filed in a later return. They are also asking about the availability of Input Tax Credit (ITC) for the paying party and the correct filing procedure, considering deadlines for GSTR-1 and annual returns.

Balamurali Unnithan MS

STUDENT

1120 Points Posted on 25 December 2020

File with invoice with 18% interest

Dev

Article Trainee.

461 Points Posted on 25 December 2020

How to file.. Gstr 9 or gstr 1.. I think we can't show invoices of FY 2019-20 in gstr 1 after September 2020..

Balamurali Unnithan MS

STUDENT

1120 Points Posted on 25 December 2020

Annual return or next year september month return , which ever is earlier , we can adjust outward tax liability !

Normally december 31st is the due date for annual return!

Dev

Article Trainee.

461 Points Posted on 25 December 2020

Thanks for reply.. Annual return or next year September month return Whichever is earlier..It means September 2020 was earlier than Annual return due date which is 31st dec.... Right.. I am confused..