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Invoice date vs Shipment date

Eajaz Ahmad (Accountant) (131 Points)

05 January 2022

Respected Sirs & Mams..

Our sale Invoice date is 20th December, 2021..
But the Materials were shipped overseas on 4th January, 2022..

How do I treat the sale..
Shall I show in December 2021 GSTR1 & GSTR3...
OR
JANUARY 2022.

Should I follow Invoice Date or Shipping Bill Date.

Suggestions from experts will help me a lot.
Thanks
Eajaz

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4 Replies

Fatin Nizami (338 Points)
Replied 05 January 2022

I think the sales can be recorded on any of the two dates, as per the requirement of the buyer or the seller.

But the invoice date is more feasible to record the sale transaction.

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prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 05 January 2022

You have to give both the details of Invoice and shipping bill in Table 6A of GSTR1 , for i.e Invoice Date , Number , shipping billing number and date , port code , invoice value , IGST etc just check in table 6A of GSTR1

I think you can file before 11-1-22 last date of GSTR1 filing .

Avik Chanda (Accountant) (175 Points)
Replied 05 January 2022

As per section 12 (2) time of supply is date of invoice or date of payment whichever is earlier.

in your case you should show this in December, otherwise you may have to pay interest if you file this in return of Jan.

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