S ELAVARASI (ACCOUNTANT) (2975 Points)
07 June 2018Dear Experts.,
I have a Very Big Doubt or Want Details...
Please give Suggestions based any of the rules for Outward supply...
We have time limit for Outward supply in GST. Also under VAT, Excise and Service Tax...
But.,
What about Outward Supplies....???!!!
Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=1
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 07 June 2018
| Originally posted by : S ELAVARASI | ||
 |
Dear Experts., I have a Very Big Doubt or Want Details... Please give Suggestions based any of the rules for Outward supply... We have time limit for Outward supply in GST. Also under VAT, Excise and Service Tax... But., What about Outward Supplies....???!!! Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=1 |
 |
Yeahh... Very Nice Question Mrs. Elavarasi.,
In Current Tax Regime no more clarity about the missing of Outward supplies in GST returns. But., In CE penalty is imposed as per sec 11AC...
(As per my view some of the Facts in GST based on CE and Service Tax and Also in VAT laws)
Also we can follow our transactions as per sec 37 of CGST Act with Sec 73, 122, 123 & 126 and Any others...
Note: It's only based on my view and Understandings. Also it's my personal view no more exact details
Read more at: https://www.caclubindia.com/forum/gstr1-466488.asp?offset=2
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 08 June 2018
Thank You for the reply Sir...
In case penalty will be levied for the missing invoices @ What rate?
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 08 June 2018
There is a circular issued by the department regarding missing outward supply in return --Refer circular 26/26/2017-GST dated 29/12/2017.
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 08 June 2018
| Originally posted by : CA Shivam Arora | ||
|
There is a circular issued by the department regarding missing outward supply in return --Refer circular 26/26/2017-GST dated 29/12/2017. | |
What is in that circular Dear...???
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 08 June 2018
circular is about if you fail to show an invoice in GSTR-3B or GSTR-1 then you can adjust it next month. You will have to make the payment along with interest for the delay.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 09 June 2018
Sir.,
I know the circular. It's Just a logical solution in all the situations... But. it's not a solution or ruled...
As per my understanding we will follow as per previous IDT laws. No more time limit for outward supplies...
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 11 June 2018
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 11 June 2018
FILING RETURN RETURN FOR OUTWARD SUPPLIES
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 11 June 2018
Then time limit is there already.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 13 June 2018
| Originally posted by : CA Shivam Arora | ||
|
Then time limit is there already. | |
Thank You Sir
Where is it Sir pls?
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 13 June 2018
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 13 June 2018
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 13 June 2018
| Originally posted by : CA Shivam Arora | ||
|
Say, in case of goods:- Section 12 speaks about time of supply i.e. date of invoice(DOI) as per section 31(1) or date of payment(DOP) whichever is earlier. Example:- DOI is 12/6/18 and DOP is 2/7/18.Time of supply is 12/6/18. Then the tax on such supply is to be shown and paid in the return to be filed on or before the twentieth day of the month succeeding such calendar month or part thereof(Section 39) i.e. by 20th July 2018. |
|
Thank You once again Sir...
If not shown the details of O/ward supplies in July-18 return then How can I show the details...?
(Here somebody says show it your next GSTR 3b / GSTR 1 return...)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
