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Tax Invoice and GST Returns

Kaustubh Karandikar (2 Points)

14 July 2021  

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?


 8 Replies

Imthias ahamed Kormath (429 Points)
Replied 14 July 2021

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.
1 Like

Sourav (Student) (23887 Points)
Replied 14 July 2021

Show in june 21

Imthias ahamed Kormath (429 Points)
Replied 14 July 2021

Itc section 73,74 b considered,itc may claim during six months from the issue date, Advance received matter also included in it.

CMA Poornima Madhava (CMA) (12987 Points)
Replied 14 July 2021

Since the invoice has been generated in June, the transaction would be a part of June returns I think.

Imthias ahamed Kormath (429 Points)
Replied 14 July 2021

If advance paid by him,who may request that an original invoice at time of supply of goods. It may final document.

Sourav (Student) (23887 Points)
Replied 14 July 2021

Agree with poornima

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 15 July 2021

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.
1 Like

Imthias ahamed Kormath (429 Points)
Replied 17 July 2021

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.

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