XYZ issued Tax Invoice i.e. date of the invoice is June’21 but the goods were physically moved out of the factory in July’21 and therefore e – way bill and lorry receipt is also dated July’21. In the GST Monthly Returns, this transaction is required to be shown in June’21 or July’21?
Menu
Tax Invoice and GST Returns
Replies (8)
Invoice validity is 30 days from issue date,which may consider as purchase order,it will b noted in the document accompanied by the driver of the vehicle with goods.
Show in june 21
Itc section 73,74 b considered,itc may claim during six months from the issue date, Advance received matter also included in it.
Since the invoice has been generated in June, the transaction would be a part of June returns I think.
If advance paid by him,who may request that an original invoice at time of supply of goods. It may final document.
Agree with poornima
Possession of the goods is mandatory.
When recives goods by the buyer ,that month only ,you can take ITC.
July -Its received -That month can take ITC.
When recives goods by the buyer ,that month only ,you can take ITC.
July -Its received -That month can take ITC.
If gst paid as advance ,it may claim in June return.
If the goods not accept by the buyer, refund may claim on advance paid by him.
If the goods not accept by the buyer, refund may claim on advance paid by him.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
