R 1 Bills mistake
This query is : Resolved
15 June 2024
Hello, goods sold to A but Bill feeded in R1 in name of B and Tax paid by 3B in 2019-20. Now it is to amend in favour A. But amending deadline passed. What is best solution availabe at this time. Seeking Seasoned experts opinions for this.
17 June 2024
Your purchaser may take benefit of circular no 193 of CBIC. you can produce certificate to this effect, although if invoices pertain to on or after oct 2019 when rule 36(4) was introduced, the benefit of ITC is available to the purchaser only subject to 20/10/5% depending upon the period of invoices as mentioned in that circular.
18 June 2024
But Sir, how to treat that purchaser who has gained unlawful ITC. Can we issued Credit Note to that purchaser
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