Tax Invoice and GST Returns

[Kaustubh Karandikar]

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?

AI Summary

GST Reporting Period Dispute: Invoice Dated June 2021, Goods Dispatched July 2021. Should It Be June or July Return? A query was raised regarding the correct reporting period for a GST transaction where the invoice was dated June 2021, but the goods were dispatched in July 2021. One respondent advised canceling the June invoice and issuing a new one in July to align with the CGST Act's requirements. However, two other respondents agreed that the invoice should be reported in the June 2021 GST returns, as the liability to pay tax arises at the time the invoice is issued.