19 December 2020
SIR We are GTA (Not Opting GST 5% Or 12% ) and running the business under REVERSE CHARGE BASIS. Our party will pay GST on the services to be provided by us. ---------------- During the last year (2019-20), We had issued the sale invoices to our party on the basis of FORWARD CHARGE MECHANISM by charging GST @ 12% as requested by the party. We collected the same from Party. Party accounted the invoices in their GST Return whereas we failed to do the same due to lack of knowledge of accountant. Also the party notice from department for that ineligible credit.
Now Party asking GSTR1 Returns with us. Hence, we want to account the sale invoices during the current year. Can we do it? If yes, Will it clear the issue of Party? OR Can we add the sales details in Annual return (2019-20)? Plz Clear my doubt thanks in adv
19 December 2020
You said in your query that the customer has accounted for this invoice.It implies he would have taken the credit.However,if he has not taken the credit then he will not be able to take.But if he has taken the credit before september 20 then his credit will be intact.
CAclubindia
