CLEARANCE ON LAST DAY UNDER GST

[SURYAKANT MITHBAVKAR]

If we prepare invoice on 31^st March and generate E-way bill on 1^st day or during 1^st Week of April please let us know whether that turnover is consider in F.Y. 2018-19.

OR

If we prepare invoice and generate E-Way bill on 31^st March but due to unavoidable circumstances transporter is unable to collect the material on same day. However the material is collected on 1^st day or during the 1^st week of April please let us know whether that turnover is consider in F.Y. 2018-19.

Kindly advice.

[Mahadev R]

If the query is on considering the turnover for GST purpose, then invoice date should hold good. In the example, it should be FY 2018-19 turnover. Even for GSTR-3B / GSTR-1, invoice date would be considered.

[KASTURI SETHI]

I support the views of Sh.Mahadev R. Ji.

[DR.MARIAPPAN GOVINDARAJAN]

Invoice date is to be considered.

AI Summary

Invoice date determines GST turnover recognition, so returns and e way timing do not change the tax period. The invoice date governs turnover recognition for GST: if an invoice is issued before the year-end, the supply is treated as turnover of that period and must be reported in returns such as GSTR-1 and GSTR-3B, regardless of subsequent e-way bill generation or transport timing.