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.

AI Summary

GST Turnover Clarification: Invoice Date Determines Fiscal Year for GSTR-3B and GSTR-1, Not E-way Bill Date. A forum participant inquired about the treatment of turnover under GST when an invoice is prepared on March 31st, but the E-way bill is generated or goods are collected in early April. Three respondents agreed that the turnover should be considered for the fiscal year 2018-19 based on the invoice date. They emphasized that for GST purposes, including GSTR-3B and GSTR-1 filings, the date on the invoice is the determining factor for the fiscal year classification.