Tax Invoice and GST Returns, Goods and Services Tax - GST

[Kaustubh Karandikar]

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?

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

If the invoice is issued in June 2021 it will be reflected in GSTR-1 of June 2021. Since you are removing the goods in July 2021 it is advisable to cancel the June invoice and issue a fresh invoice in July 2021because according to Section 31 (1) of CGST Act, 2017 "a registered person supplying taxable goods shall, before or at the time of,-

(a) removal of goods for supply to the recipient, where the supply involves movement of goods; or

(b) delivery of goods or making available thereof to the recipient, in any other case,

issue a tax invoice showing the description, quantity and value of goods, the tax charged thereon and such other particulars as may be prescribed:

[DeepakArya DGA]

Sir,

This invoice being issued in the month of June 2021 should be reported in GSTR-1 for the m/o June 2021 only.

[Shilpi Jain]

Agree. The time of supply arises in Jun '21. That is the time when the liability to pay tax arises. Hence disclosure required in Jun '21 returns