Can we issue invoice one month later after delivery of material.
please note :- my supplier sent goods in 15th May 2021 and Issued E Invoice and Tax Invoice in today date, on which date we will book in our purchase, on receipt of material or Tax Invoice date. plz suggest
9 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 June 2021
Since you have received the material before the date of invoice, you will have to make Receipt Note (inventory) entry on receipt of goods on the basis of GRN and DC.
Once the invoice is received, make purchase entry against the receipt note
NITIN SABOO
(344 Points)
Replied 12 June 2021
Thanks for advice, can supplier do this ??? plz suggest
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 June 2021
Supplier can dispatch goods on SALE-ON-APPROVAL basis, in which case, the supplier would have 6 months time to generate invoice. Probably the supplier would have missed to raise the invoice (or some other reason, not sure) and hence this situation I guess.
NITIN SABOO
(344 Points)
Replied 12 June 2021
Goods not sent by supplier on approval basis madam, gold sold and supplier forget to raise the invoice. can we do this type of practice???
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 June 2021
Even I meant the same.
How else can the mistake be corrected in this case?
The supplier has no option but to correct the mistake if it was forgotten to raise the invoice at the time of dispatch.
NITIN SABOO
(344 Points)
Replied 12 June 2021
Madam, is there any implications on purchaser on this transaction???
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 June 2021
Yes, the purchaser will be able to avail ITC only after the date of invoice.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 12 June 2021
The practice by your supplier is very dangerous as far as legal aspects are concerned. No movement of goods can take place without invoice.
And no itc can be claimed until invoice is received.
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