Date of supply for excess payment
This query is : Open
23 July 2017
ex. invoice issued 990 on 1.10.17
payment received 1000 on 15.10.17
excess payment = 10
now next month
invoice issued 990 on 1.11.17
payment received 980 on 15.11.17
my question is that what will be the time of supply for RS 10----1.10.17. or 1.11.17???
which invoice date does proviso to section 12(2) refers????
23 July 2017
it will be 1/11/17.
Message likes :
1 times
23 July 2017
As per the proviso of section 12(2) of CGST Act, any excess amount received up to Rs . 1000, the supplier can opt the date of invoice in respect of such excess amount received as time of supply.
23 July 2017
He can opt 01.11.17
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
