19 December 2018
Dear All, Hope all are doing well !
My query is as under :
1. Invoice No. 1 of Rs. 112 (i.e Taxable Value Rs. 100 & GST (12%) Rs. 12) raised in Oct-18 - Return filed and liability paid. 2. After filing of GSTR1 & 3B of the above month, it came to notice that same invoice (i.e. No. 1) was revised in Nov-18 and revised invoice value is Rs.168 (i.e. Taxable Rs. 150 & GST (12%) Rs. 18). 3. GSTR-1 for the m/o Nov-18 filed (detail of above revised invoice also mentioned therein). 4. Diff of point no. 2 & 1 w.r.t Taxable Value is Rs. 50 (150-100) & GST Rs. 6 (18-12). 5. Now, at the time filing GSTR-3B for Nov-18- In the field of details of outward supplies/RCM supplies- I have shown the differential taxable amount(i.e. Rs. 50) and GST liability (i.e. Rs. 6) and paid the liability.
Pls go thru the case and do suggest me whether am i right in this approach? If not, then pls suggest me the right way.
20 December 2018
Beside the provisions for Debit / credit note, there is also provision for Revision in original invoice in the act. However, in my case it was not possible to cancel the revised invoice and raise a debit note instead. That's why I have followed this approach will filing my GSTR-3B for the m/o Nov-18.
Kindly suggest the implication of the above if any.
20 December 2018
A revised tax invoice u/s 53 of the CGST Act, is issued only in circumstances when the dates of grant of regn. is different from the dateof issue of registration certificate. There is no provision to issue revised invoice for errors made in original invoices. For the differential price change it would be appropriate to issue a debit note for the differential amount u/s 54 of the CSGT Act (Pl.refer).
CAclubindia
