TaxTMI 
TaxTMI 
Tax Invoice and GST Returns
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....ax Invoice and GST Returns<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 14-7-2021 Last Reply Date:- 16-7-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>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....
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...., 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 registere....
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....d 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 prescrib....
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....ed: 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<br> Discussion Forum - Knowledge Sharing ....