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Jan sales shown in feb - itc of feb can utilize in tax amount

Libissa (Accountant) (318 Points)

04 April 2019

I have Jan Sales [ 10,00,000, SGST 60000 CGST 60000 ] and i am not having any ITC in Jan i filed the GSTR - 3B & GSTR 1 as Nil and i have purchase bills in Feb ITC SGST 42300/ - CGST 42300/ -can i show the Jan Bill in Feb GSTR - 3B and utilize the ITC and pay the balance tax along with Interest in FEB GSTR -1 i can show the Jan Sales Party Bill with same bill and date in January or i should pay the Sales amlon with interest without utilizing the Feb ITC Bills

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4 Replies

Manish G Nair (Articled Assistant) (124 Points)
Replied 04 April 2019

You can show jan. sales in Feb. 3b and also claim Feb input credit.

In case of GSTR-1 you can show the invoice date(i.e jan)

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CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 04 April 2019

Yes you can show sales of previous period in current 3B

Libissa (Accountant) (318 Points)
Replied 04 April 2019

Thanks for your reply, sir i want to know whether i can take the ITC of Feb Purchase along with Sale of Jan in GSTR - 3B (i.e jan sales OTC is 1,20,000 and No ITC in Jan and Filed Both GSTR - 1 & GSTR 3B as Nil ) in Feb GSTR - 3B i am showing the Jan sales OTC Rs.120000/- and utilizing the feb ITC Rs, 80000/-

Jan OTC is Rs.120000/- no ITC

Feb OTC Is Nil and ITC is Rs.80000/-

while showing jan sales in feb other telling that u cannot utilize the itc of feb u want to pay 120000/- along with interest only no itc can taken from feb because we calim the bill in january ans ther is no itc then how to claim the ITC From Feb

Libissa (Accountant) (318 Points)
Replied 04 April 2019

sir in januray i am not having ITC then how can i can claim the Sales of January OTC along with February ITC (i.e January OTC 120000/- No ITC in Feb OTC Nil ITC Rs. 80000)