our company using transport services of xyz pvt.ltd.
xyz wrongly charged 12% GST instead of 5% on invoice. let's say
bill 100
tax amount 12rs (12%)
now we demand him credit note of 7%
he gave us credit note of total RS 7
but gave bill like this
7*12/112
basic amount 5.5
cgst.75
sgst.75
total 7
is this right???
we charged transport GST as expense
when xyz gave us credit note
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GST credit note
Replies (10)
Better take revise bill with 5% GST with serial no.... Transporter has the option to 12% gst with itc or 5% with no itc...
ok thank you
but he refusing to do the same
but he refusing to do the same
Then what is problem in that... Revise same bill with same serial no... Bue he has to reverse rs 7 as cgst and sgst... In that where basic amount came... Bcz total tax should be only RS. 5 on Rs. 100..
Wrong credit note issued by him
So u pay tax amount only RS. 5 and not pay extra
ya only tax amount will change there will be no changes in basic amount if the error is only wrong rate of tax.
Dear Mr. Mansi Bhojani.,
Sorry for the Questions under this forum... But, Please elobrate in above view...
How is the Transporter's / GTA bill is wrong...?
What is the exact solution about the bills from GTA...?
@ Raja sir.. We r talking about credit note.... Transporter has to reverse Rs. 7 as tax in his credit note.... But in actual what he does see
Sir,
I was talking about credit note.
I was talking about credit note.
| Originally posted by : Miss Mansi Bhojani | ||
 |
Sir, I was talking about credit note. |  |
Okay Done 
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