Erroneous amount transfer

This query is : Resolved

Shalu (Querist)
Follow

20 June 2019 Hi

I transferred a wrong amount (transferred in excess) to one of my client. He now is refusing to return back the money paid in excess quoting the GST complications.

Please advice if there is any GST complications for the amount transferred by mistake and on how much advance amount can GST be charged. Is there any limit to charge GST on advance payment?

Please advice.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

20 June 2019 GST applicable on advance paid for services no limit. He can issue debit note and refund excess payment not a problem.

Shalu

Shalu (Querist)
Follow

21 June 2019 Thanks you so much for the reply. We have not raised any invoice towards the excess payment. So GST compliance may not arise. Can this be treated as advance paid and the remaining amount to be refunded back.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

John Ravindran Moses

ABHISHEK AGRAWAL

Prashant Kotecha

Sanjay Ratnani

Vinod Patil

Subscribe Now

Erroneous amount transfer

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA