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Gst tax 12 instead of 18
I apply gst rate 12% on rent income instead of 18% what to do process next
Replies (7)
Issue debit note for the remaining tax amount.
Sir it's apply 18% from last year
Interests leviable?
And it's tax liability deduct from ITC?
i have 10 lakh ITC available
Raise the invoice for balance amount and pay GST or adjust GST Liability against ITC
Thank you sir tax payable amount interest leviable or not?
U have ITC so interest is not Leviable
Thank you very much sir
Interest is applicable for delay or short payment.
But it can be adjusted against ITC
But it can be adjusted against ITC
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