Dear Experts
If we report an invoice darted 31st March 2023 not in March gstr1 but in April gstr1 with march date will this invoice amount be taken in the turnover of FY 22-23 or FY 23-24 in gst database.
Regards
Menu
Supply reporting in gstr1
Replies (3)
If an invoice with a date of 31st March 2023 is reported in the GSTR-1 return for the month of April 2023 with the March date, then it will be considered as a part of the turnover for the financial year 2022-23. This is because the invoice was issued in March 2023, and it pertains to the financial year 2022-23.
In this case, the invoice will not be added to GSTR 2-A and GSTR 2-B of the buyer March monthly returns and he will not be able to get input credit of the same in the same period.
As per Section 16(2)(aa) Read with Rule 36(4)(b) , GSTR 2B is valid form , so it's going to get reflected in Receipent GSTR-2b in April month only.
Recent Threads
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
Related Threads
CAclubindia
