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TMI BlogTax Invoice and GST ReturnsX X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Invoice and GST Returns X X X X Extracts X X X X X X X X Extracts X X X X ..... s, 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 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 register ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 prescri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bed:
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 2021 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 X X X X Extracts X X X X X X X X Extracts X X X X
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