Can we claim or reverse GST paid for invoice raised in FY 2019-20 in FY 2020-21 due to client non payment. What is the procedure?
I know that the credit note should be issued before September. What is the solution now?
Menu
GST Reverse on Tax paid for service invoice
Replies (2)
Quick Summary
You can now create Financial Credit Note which will not have GST component and reverse the client outstanding amount. But you cannot reverse the GST now.
If the party agrees then ask them to cancel the invoice or send the ITC through fresh invoice
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
