One of my client is not filed GSTR1 for the year 2017-18 in the stipulated time. Because of this reason the customer as not got the input credit in GSTR2A. Hence He had deducted the tax part alone from the customer payment in 2019-20. Is it tenable? . For this reason if the customer raises credit note against my client which can be reversed in clients GST payment in the current year or not. Please advice.
Menu
Credit note GST Tax
Replies (1)
Yes, you can certainly deduct the tax amount if he has failed to make payment to the government. There is no restriction under the GST law. It is a business decision.
The customer could raise a financial credit note to give effect to this reduction. This credit note is not required to be disclosed in the GST returns.
The customer could raise a financial credit note to give effect to this reduction. This credit note is not required to be disclosed in the GST returns.
Recent Topics :
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
Related Topics :
CAclubindia
