GST Invoice - negative Billing permissible ? Not credit note

Respected Sir,

 

As an exporter [ LCL Cargo] , we obtain a quotation from freight forwarder as follows:-

 

1. Ocean freight (-) USD 50

 

2. Origin changes [ all inclusive] - USD 125

 

Net payable --USD 75

 

Query is that in a cut throat competitive market, instead of reducing origin charges, they are giving a negative ocean freight. 

 

Do GST [ IGST] have such a provision to reflect a negative quote in Invoice? Having a doubt. Then as a service receiver, would we face any problem in future say IGST Credit.

 

Please advise.

 

Regards

 

Jayanta Bandyopadhyay 

Kolkata 

 

 

 

Replies (1)

Dear,

We can not do negative billing. 

As per common practice,

1- Firstly, You should ask invoice from Freight Forwarder of USD 125

2- Secondly, You need to issue invoice to Freight Forwarder for Commission on Ocean Freight Collection of USD 50

3- This way, You have to pay USD 125 and Recd. USD 50.

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