if an invoices is amended and revised GST amount is greater than original invoice's Gst amount shown .can we pay excess amount and please suggest procedure for adjusting that excess amount if paid?
for example-
original invoice:
Taxable value-Rs 100
Gst @ 5% - Rs 5
Revised invoice :
Taxble value- Rs110
Gst @ 5%- 5.5
excess GST to be paid - Rs 0.5
please suggest the solution???????
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Amendment in invoice under GSTR-1
Replies (11)
In GSTR-1 only output details will be given. Setoff and payment will be done through GSTR-3, since GSTR-3 which is not yet made applicable.
In this case, you have just increase liability in GSTR-3B of following month and pay using credit or cash
In this case, you have just increase liability in GSTR-3B of following month and pay using credit or cash
is interest liablity will also levy?
What is the Original bill date and Revised bill date...?
original Bill date is of september month and revised bill date is of november month
and there is a invoice also where original invoice date is of october month and revised invoice date is of september month
Are you give any credit note to customers...?
No sir
Yes you are liable for interest @ 18% day wise till date of payment.
Ok sir and thanks for your support.
The Invoice date is changed then You must give credit note or Receive debit note. After You can give new invoice in another date for the Supplies...
In case you prepare Revised Invoice then we can't make it another day. We just Revise the Same Invoice and the Same Date. That's called "Revised Invoice"...
So, As per Your reply You are deal it wrong way for the Invoice preparing...
In case you prepare Revised Invoice then we can't make it another day. We just Revise the Same Invoice and the Same Date. That's called "Revised Invoice"...
So, As per Your reply You are deal it wrong way for the Invoice preparing...
In case You prepare "Revised Invoice" you must change the Invoice on Same Number and Same date. Any difference is higher then You pay Interest with tax...
In case you ll prepare it any other dates then You must give Credit note and Prepare New invoice with New Number and File it subsequent month.
No need to pay interest...
In case you ll prepare it any other dates then You must give Credit note and Prepare New invoice with New Number and File it subsequent month.
No need to pay interest...
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