Sale invoice

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127 Points Posted on 06 July 2020
gst return not filed for last 2 year
our buyer take gst 30000
now can I show bill or not ..
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On 06 July 2020 at 15:44 Report
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A business owner is unsure if they can issue a sales invoice and claim GST when they haven't filed GST returns for the past two years. Their buyer has already claimed £30,000 GST. While the returns can still be filed with a late fee, the buyer's input tax credit claim might be questioned by the authorities due to the non-compliance. It's advised to report the turnover immediately.

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Assistant Manager
787 Points Posted on 06 July 2020
The GST returns from July 17 to January 2020 can be filed with the late fees maximum of Rs. 500 if the returns if filed between July 1st 2020 to Sep 30th 2020. Therefore the GST retuns for the last 2years can be filed now however the ITC availed by your buyer would be questioned by department as u had not filed return and paid taxes
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On 06 July 2020 at 15:56
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4215 Points Posted on 06 July 2020
Report the turnover immediately
1 Reply
On 06 July 2020 at 16:02

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