Invoicing
This query is : Resolved
mohit pathak
(Querist)
22 January 2018
Hi!
We provide Renting of Immovable property service. Earlier the rental was Rs 1,00,000/- (inclusive of GST) written wrongly in the agreement and we invoiced accordingly i.e. rental + GST = 1,00,000/-.
Now the tenant has agreed to pay the additional GST amount since July but wants GST invoices. No GST return is pending from our side and all transactions are reported as B2C transactions,
What are the ways to enable the Tenant to take ITC on that GST amount?
We provide Renting of Immovable property service. Earlier the rental was Rs 1,00,000/- (inclusive of GST) written wrongly in the agreement and we invoiced accordingly i.e. rental + GST = 1,00,000/-.
Now the tenant has agreed to pay the additional GST amount since July but wants GST invoices. No GST return is pending from our side and all transactions are reported as B2C transactions,
What are the ways to enable the Tenant to take ITC on that GST amount?
CA Suresh Jain
(Expert)
22 January 2018
make an invoice for differential amount and calculate GST accordingly
Message likes :
1 times
mohit pathak
(Querist)
24 January 2018
Thank you, sir, for your precious time,
Can we do this?:- Issue a credit note for all previous transactions and issue a new GST invoice for the entire amount. Doing this will enable the party to take ITC.
Can we do this?:- Issue a credit note for all previous transactions and issue a new GST invoice for the entire amount. Doing this will enable the party to take ITC.
01 August 2024
https://docs.google.com/document/d/19W7GRIH0dmxWtOzrXTV1gMxnEZVn5m-Ne2e9giwPjqM/edit?usp=sharing
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
