Can we issue invoice one month later after delivery of material.
please note :- my supplier sent goods in 15th May 2021 and Issued E Invoice and Tax Invoice in today date, on which date we will book in our purchase, on receipt of material or Tax Invoice date. plz suggest
Menu
Tax Invoice vs GRN
Replies (9)
Quick Summary
On receipt of material.....
Since you have received the material before the date of invoice, you will have to make Receipt Note (inventory) entry on receipt of goods on the basis of GRN and DC.
Once the invoice is received, make purchase entry against the receipt note
Thanks for advice, can supplier do this ??? plz suggest
Supplier can dispatch goods on SALE-ON-APPROVAL basis, in which case, the supplier would have 6 months time to generate invoice. Probably the supplier would have missed to raise the invoice (or some other reason, not sure) and hence this situation I guess.
Goods not sent by supplier on approval basis madam, gold sold and supplier forget to raise the invoice. can we do this type of practice???
Even I meant the same.
How else can the mistake be corrected in this case?
The supplier has no option but to correct the mistake if it was forgotten to raise the invoice at the time of dispatch.
Madam, is there any implications on purchaser on this transaction???
Yes, the purchaser will be able to avail ITC only after the date of invoice.
The practice by your supplier is very dangerous as far as legal aspects are concerned. No movement of goods can take place without invoice.
And no itc can be claimed until invoice is received.
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
