An important update concerning Goods and Service Tax (GST) in India

As we enter the third quarter of 2021, we would like to draw your attention to the Goods and Service Tax (GST) in India. More specifically, we would like to request your attention to the following section of the CGST Act, that reads as follows:

“Section 34 (2) of CGST Act prescribes that credit notes issued against invoices raised during the period April 2020 to March 2021 cannot be reported in the GSTR 1 after filing the return for September 2021 or the annual return for FY 2020-21; whichever is earlier.”

With the above in mind and in connection with invoices raised by HAPAG-LLOYD AKTIENGESELLSCHAFT during the period April 2020 to March 2021, please be advised that credit notes, if any, will need to be raised and reported in the GSTR 1 return of September 2021. Any error or omission in the invoices or credit notes raised to you and/or your organisation needs to be reported to us by August 15, 2021, so that all necessary actions can be taken before filing the GSTR 1 return of September 2021.

Kindly note that we require time to rectify errors if any and would therefore request you to raise any query and/or dispute related to invoices and/or credit notes on or before August 15, 2021, to both of the following e-mail addresses:

[email protected]
[email protected]

Kindly note that after August 15, 2021, it will not be possible for us to accept and process any request for change received. Please be advised that HAPAG-LLOYD AKTIENGESELLSCHAFT will not be liable for any GST issues that may impact you and/or your Company.