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Thursday, August 8, 2019

Update about GSTR1 of the financial year 2018-19

Update about GSTR1 of the financial year 2018-19


In this article, we will know about

1. When is the last amendment date of B2B invoices for the financial Year 2018-19?
2. When is the last amendment date of CREDIT/DEBIT for the financial Year 2018-19?
3. How long can I claim ITC of the missing invoice of the financial Year 2018-19?





1. When is the last amendment date of B2B invoices for the financial Year 2018-19?

By following section 37 of CGST act we find out that the last date of amendment of B2B invoices is 10th October 2019, which is the last date of filing R1 for the month September 2019.

In section 37 of CGST Act, it is also said that the last date of amendment date of B2B invoices for the 2018-19 financial year is furnishing the annual return of the 2018-19 financial year. whichever is earlier.

DUE DATE OF GSTR1 OF FINANCIAL YEAR 2018-19
DUE DATE OF GSTR1 OF FINANCIAL YEAR 2018-19



2. When is the last amendment date of CREDIT/DEBIT for the financial Year 2018-19?

By the following section 34 of CGST act, we find that the last date of amendment/ declare CREDIT or DEBIT note is 10th October 2019, which is the last date of furnishing GSTR1 of the month September 2019.

In section 34 of CGST Act, it is also said that the last date of amendment/ declare CREDIT or DEBIT note for the 2018-19 financial year is furnishing the annual return of the 2018-19 financial year. whichever is earlier.


3. How long can I claim ITC of the missing invoice of the financial Year 2018-19?

By the following sub-section (4) of section 16 of CGST Act, we find that the last date claiming ITC on missing invoice of the financial year 2018-19 is 20th October 2019, which is the last date of filing GSTR3B of September 2019.

In sub-section(4) of CGST Act, it is also said that the last date of claiming ITC on missing invoice for the 2018-19 financial year is furnishing the annual return of the 2018-19 financial year. whichever is earlier.

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