Tax Invoice and GST Returns

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..... 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? - Reply By Rajagopalan Ranganathan - The Reply = Sir, If the invoice is issued in June 2021 it will be reflect .....

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..... ed 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 ; o .....

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..... r (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: - Reply By DeepakArya DGA - The Reply = Sir, This invoice being issued in the month of June 2021 should be reported in GSTR-1 for the m/o June 202 .....

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..... 1 only. - Reply By Shilpi Jain - The Reply = 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 - Tax Invoice and GST Returns - Query Started By: - Kaustubh Karandikar Dated:- 14-7-2021 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by a .....

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..... n expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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