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Can we cancel Invoice of Service Tax now & Refund amount recd?


Esha agarwal (N.a)     24 January 2020

Esha agarwal
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Dear All,

 I have a query regarding the Cancellation of the Invoice Dated 31st March 2017 issued in the Service tax regime in the Month of Jan 2020 ( Regime of GST).

Party has paid us 65% upfront payment at the time of booking and thereafter hadnot taken any services and dint paid as well. But now they are active and asking to Cancel the invoice issued and refund the amount of 65% which has been paid already by him.'

Can we decline the refund and Cancellation of invoice since its already 2.5 Years ??

Please inform with the relevance to the Service tax and GST Rules.

Thanks & Regards

Esha Agarwal

avater

Roshni (Studwnt)     24 January 2020

Roshni
Studwnt 
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You can issue refund voucher to them.

avater

Spurto Consultancy Services (Consultant)     24 January 2020

Spurto Consultancy Services
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You can issue refund to the party as per your company policy but that will be under the GST regime. 

Esha agarwal (N.a)     24 January 2020

Esha agarwal
N.a 
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Hi,

We can issue them Debit note for the Whole amount. But GST will be reversed @ 18%?? Service tax was charged @ 15% at the time of Issuance. Please provide clarity

avater

Roshni (Studwnt)     24 January 2020

Roshni
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Yes you need to reverse as per GST rates.

RAJA P M ("Do the Right Thing...!!!")     24 January 2020

RAJA P M
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Discus the tax matter to the Party after that deduct the amount and PY balance...


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