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Gst excess collected from customer eligible for pmay

Others 526 views 3 replies

Dear Sir/Madam,

We charged GST @ 18% on 2/3 rd value (12% on Full value-incl land) to customer on account of sale of flat, later we came to know that that customer is eligible for PMAY CLSS scheme (which attracts 12% GST (without land Cost) or 8%(Incuding Land). 

We collected excess tax from customer and paid to the Govt. accordingly.

Now,, whether we can apply for Refund or We should raise credit note for that Excess collected & consider the same in GSTR 3B and GSTR 1.

Thanks in Advance.

Replies (3)
fisrt you have to give this effect in 3b then you can aply for refund... After that refund that amount ti the customer

Thank you Mr.Pritesh,

GST Collected from Customer already taken into GSTR 3B of respective month.

But without raising Credit Note how we will give that effect in GSTR 3B?

can you please explain..

Hi hari,

Raising a credit note seems the best option in your situation

For further assistance kindly reach out to us

HAPPY TO HELP!!

MOHIT JAGNANI
8820448170


CCI Pro

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