GOODS CLEARANCE UNDER GST

[SURYAKANT MITHBAVKAR]

If we have to prepare Supply Invoice on 31st March for Inter state supply, generate EWAY bill and the transporter is not lifting the material on the same day. However the transporter lifts the material on 5th April which would be next financial year and fill up Part II in Eway bill on same day.

In above case can we book our sale in current financial year since we have prepared supply invoice on 31st March 2018 . Secondly whether transporter can give us LR on 31st March,2018.

Further upto what period can we hold the material for clearance to Intra-State or Interstate after preparing Supply Invoice and generating Eway bill Part I.

AI Summary

GST Sales Timing Debate: Book on March 31st with justification or April 5th upon delivery? A forum discussion addresses the issue of booking sales under the Goods and Services Tax (GST) when goods are invoiced on March 31st but transported on April 5th, crossing into the next financial year. One participant advises that sales can be recorded on March 31st, as long as the delay is justified, and transporter details can be updated within 15 days. Another participant argues that sales should be booked in the next financial year since the goods were delivered to the carrier in April, emphasizing that invoicing alone does not constitute a sale.