If payment made to supplier is less than value of invoice issued am i required to reverse proportionate gst means gst input available on invoice value minus gst on actual payment made
If yes where to reverse in gstr 3B
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Gst reversal on excess invoice amount than actual payment made
Replies (7)
I think, best approach in your situation is to request that the party issue a debit note. It will automatically adjust your input tax credit proportionately.
If it's against full settlement, then treat it as cash discount and do not amend GST amounts.
Gst payment excess to be made against settlement.
Sir
Party is not issuing debit note
Can i reverse excess amount of gst in gstr 3b under reversal of gst under others option
Can i avail gst input on amount in excess of actual payment made for goods
Do not amend GST amount on your own.
And yes, you can claim the GST as per the invoice if the vendor is not providing a credit note.
| Originally posted by : naresh | ||
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Sir Party is not issuing debit note Can i reverse excess amount of gst in gstr 3b under reversal of gst under others option |
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if party not give proper response regarding debit/credit note than you will be reversed through GSTR-3B.
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