if we taken a registration in january 2018, and my input services is taken in the month of december 2017 . whether input can be available, if we receive revised invoice having gstin.??????
13 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
Better take revise invoice after date of ur gst no... Itc is available in case of stock available on date of gst apply
Rahul Prasad
(CA Student)
(1683 Points)
Replied 13 March 2018
if u receive revise invoices in the month of Jan 2018 that means after taking registration . Then nothing to doubt you will get the input credit.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2018
my point view the supplier will not issue u a revised invoice, moreover u have take the input of same by filing ITC 01,
Revise invoice (sale) is to be issue by u on or after the date u got the registration. (because for December month u cannot issue Tax invoice)
Revise invoice (sale) is to be issue by u on or after the date u got the registration. (because for December month u cannot issue Tax invoice)
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
But itc01 is for intimation of closing stock as on date of applying gst no.... And not for input services... For input service she can't get itc... If supplier gives January month invoice then she can take.. It is understanding between both the parties...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2018
sir
lekin jab Woh return file karega toh he will unable to get ITC for such invoices , kyun ki Woh message deta hai ki u were not registered for that period, ITC 01 is for stock u r correct but lekin for stock detail deni hai Jo ki invoices mention karke hi deni hai.
moreover Revised invoices can only be issue in condition ,
it is issued for period between registration applied for & registration received, because for that period one cannot issue a tax invoice , (he issue a bill of supply)
there is no other provision in law other then mention for issue of revise invoice
sorry sir , iam not debating just share what I hv. read & done practically
lekin jab Woh return file karega toh he will unable to get ITC for such invoices , kyun ki Woh message deta hai ki u were not registered for that period, ITC 01 is for stock u r correct but lekin for stock detail deni hai Jo ki invoices mention karke hi deni hai.
moreover Revised invoices can only be issue in condition ,
it is issued for period between registration applied for & registration received, because for that period one cannot issue a tax invoice , (he issue a bill of supply)
there is no other provision in law other then mention for issue of revise invoice
sorry sir , iam not debating just share what I hv. read & done practically
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
In practical suppliers issue invoice with back date or forward date also... Don't worry for that... Is is understanding between parties... Earlier his supplier shows him in unregistered sales... If he agrees to give invoice in January month after gst no got then he can take itc...
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
Not revise invoice... That is adjustment... Either he cancel December month invoice and issue a fresh invoice in January month for that amount
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2018
but sir once the delivery is made how can u cancel that invoice, one has to issue CNT or DBT notes , & that is also in case of goods return
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
Hey this is service invoice and not sales invoice... Read the query first and sorry
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2018
even though it is service invoice can such invoices once raise can be cancelled ,????
Divakar
(Student CA Final )
(11857 Points)
Replied 13 March 2018
Ask from queriest that whether supplier is ready to give invoice.... In practical possible... Understanding between both the parties...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2018
sir
iam just keeping condition from my side , in professional company usually they do not change their bills, so in that condition how can the recipient claim ITC ., so in my view it's ITC 01,
iam just keeping condition from my side , in professional company usually they do not change their bills, so in that condition how can the recipient claim ITC ., so in my view it's ITC 01,
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