Erroneous amount transfer
This query is : Resolved
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.
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.
20 June 2019
GST applicable on advance paid for services no limit. He can issue debit note and refund excess payment not a problem.
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.
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