GST invoice mistake

We are a small private limited company and we paid an group employee Insurance premium worth 11lakhs plus gst .

But we paid 1 cheque to insurer. Now my accountant is asking for invoice in the name of 2 companies with right split. 

The insurance company says it can't be done.

 

What is the solution?

 

Replies (10)
Quick Summary
A private limited company paid a large group employee insurance premium via a single cheque, but now needs two separate GST invoices for two different companies within the same group. The insurance company has refused, stating they've already filed their GST return and cannot split the invoice after receiving a single payment. The discussion explores potential solutions, including inter-company journal entries, but highlights the difficulty of splitting the GST credit retrospectively.

As per Your query You took insurance for employees in a company.
In this scenario Insurance Company is Right...

Then, Why You split it two companies...???!!
You have one company or two companies?

Are the Employees belongs to 2 companies?

Both companies belong to the same group but different gst number samesame  signatory.

Last minute hurry isued 1 cheque now accountant requires 2 seperate invoices which insurane company refusez to give

Then you may instruct the LIC to issue two invoices

Insurance company says since I issued 1 cheque they have already filed gst and now even though I have 2 gst numbers since I gave only 1 cheque it cannot be reversed.

 

I need a detailed solution please

Here Insurance Company is Correct.

If You need to account the same in two companies. Then You will go through a JV...
1) you transfer insurance expenses which are related to another company .GST benifit not transfer in this case.
2) you raised an invoice on your other company & they will be taking GST credit.
But if the insurance belongs to two companies then why one company cheque is given?

Sir  I believe in case of group medical cover for employees of a company GST credit cannot be claimed. 

Please correct me if I am wrong/right

 

My important question here is can the insurance company issue 2 invoices if I have given only one cheque especially now that they have accounted for the same.

 

 

 

Yes, that is my question.

But, Also told "last minute rush"

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