11 October 2019
Dear Sir/Madam, I want to ask a question that is a company name is "A" provide service to company "B" in the month of July taxable value Rs. 1,14,00,000 and IGST tax Rs. 20,52,000,Company "A" held office in Hyderabad and company "B" held office in delhi, In the month of August company "B" not paid to company "A" due to this company shown credit note in their GSTR-1, but company "B" not taken their books of accounts and also not reverse it in their GSTR-3B because company "A" did not send any hard copy or softcopy of credit note to company "B", in this case what to do by company "B" , suppose if company "B" reverse input credit after Dec 2019 then the company "B" has to bear any type of penalty or interest.
17 March 2020
Dear Sir, If company B reverse Input credit in the month of Oct-2019 then the company has to bear any penalty or interest on tax amt same fy year
CAclubindia
