Dear frds/ experts,
Case: A Pvt Ltd service oriented company has provided their service to their client for Dec'20 & Jan'21. Hence Inv raised & its Gst also paid by the service provider in the succeeding months. But till now the client had not settled the above payment and the service provider considered this as Bad debts now. In this scenario, Can we able to adjust that excess paid gst during Dec'20 and Jan'21, now ?? If so, then plz let me know the procedures with the provisions....
Thanks in adv/Maya.
Plz treat very urgent...
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GST excess paid earlier adjustments doubt
Replies (2)
No, section 34(2) of cgst act 2017, last date of issue of credit note pertaining last financial year was due date filing of gstr-1 of September 2021.
option available will be financial credit which is adjusted your taxable value but not your gst tax.
option available will be financial credit which is adjusted your taxable value but not your gst tax.
Thank you Sir...
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