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Gst credit of excess tax paid

ITC / Input 171 views 5 replies

sandeep

article

27 Points Posted on 09 August 2018

Dear Members Please guide on following

1) I have sale a services in April18 and filled the GSTR 3B. Also paid GST on the same. But in June 18 I cancelled the same bill of April18. May & June sales were NIL & GSTR3b of the said month filled with NIL.

But i had already paid the GST on that.

Now how to claim that GSt amount in June GSTR 1 return.

Replies (5)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 09 August 2018

First of A Invoice is accounted then no way for Cancelled the Bill...

As per Your query no way for cancel...

prepare Credi note and Show the bill in GSTR 1 return.

Rajnish Singh

GST Practitioner

1365 Points Posted on 12 August 2018

If any bill of previous month cancelled in susquent period. Raise credit note to customer. Take these credit note in current month return Reduce your tax liability. Remeber customer should have to raise debit note also and consider in their return.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 August 2018

If Bill prepared in previous months then You can't cancel the bill... No way for cancel. If cancel the previous months bills then You can't prepare credit note for cancelled bill. Bcoz, it's no more then how can prepare Credit note...

No need to cancel. Better to prepare Credit note.