GST Reverse Charge where services paid are refunded
This query is : Resolved
04 February 2020
How to deal with GST under Reverse Charge in a situation given hereunder:
In case, GST on Services under Reverse Charge is paid and part payment is refunded for non provision of part services:
a) in the same month, or
b) in the next month
My query is related to Item No 16 -Services of lending of securities under Securities
Lending Scheme, 1997, where Reverse Charge is paid on Lending Fee and a part of the same is received back when borrowed Securities are returned in between before the lapse of full period of borrowing/lending
In case, GST on Services under Reverse Charge is paid and part payment is refunded for non provision of part services:
a) in the same month, or
b) in the next month
My query is related to Item No 16 -Services of lending of securities under Securities
Lending Scheme, 1997, where Reverse Charge is paid on Lending Fee and a part of the same is received back when borrowed Securities are returned in between before the lapse of full period of borrowing/lending
05 February 2020
Pay RCM on reduced amount considering refund.
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