Sanjeev Pati (Accountant) (250 Points)
17 June 2017I have a question...
If Mr. Sohan (Jharkhand) supplies goods to Mr. Mohan (Delhi) on a continuous basis. Mr. Sohan sent goods worth Rs. 1,00,000 on 15th July for which Mr. Mohan made an advance payment (Part Payment) on 12th June..... When raisng bill in July after implementation of GST Will GST apply?
Means Mr. Sohan has to raise GST Bill or Other bill....
Plz Ans....
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 17 June 2017
Yes, Mr Sohan has to raise GST bill if part payment is made after 01.07.2017.
However, if whole bill raised under old law (charging VAT) then no GST bill required to raise in the month of July. So in your case you can issue whole bill in June it self to avoid GST and for credit of VAT refer transition provisions given u/s 139 ro 142.
Sanjeev Pati
(Accountant)
(250 Points)
Replied 17 June 2017
Sir Actually we are not registered in CST (Central Sales Tax)... so in this time we can't raise bill because of Inter state sales...
We have received the Advance payment on Jun from party after receiving work order and goods will be supply in the month of July...
So can we raise bill in GST (IGST) in July ???
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 17 June 2017
Yes you can raise the bill in July and charge IGST.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 17 June 2017
| Originally posted by : Sanjeev Kumar Pati | ||
 |
Sir Actually we are not registered in CST (Central Sales Tax)... so in this time we can't raise bill because of Inter state sales... We have received the Advance payment on Jun from party after receiving work order and goods will be supply in the month of July... So can we raise bill in GST (IGST) in July ??? |
 |
Yes you can..
Sanjeev Pati
(Accountant)
(250 Points)
Replied 17 June 2017
One more Question from this issue...
We have received the Goods from a party (Purchasing) in VAT ... and we will raise the bill to party (Selling) in IGST charge...
(1) Then any problem from this issue???
(2) Will ITC (of VAT) carry forward in the next month and adjust with IGST ???
Rply plzzz
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 17 June 2017
| Originally posted by : Sanjeev Kumar Pati | ||
|
One more Question from this issue... We have received the Goods from a party (Purchasing) in VAT ... and we will raise the bill to party (Selling) in IGST charge... (1) Then any problem from this issue??? (2) Will ITC (of VAT) carry forward in the next month and adjust with IGST ??? Rply plzzz |
|
Hi Sanjeev.
No issue at all. You can raise invoice and collect GST after 01.07.2017 and also get credit of ITC subject to provisions of Transition given u/s 139 to 142.
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