Gst tax 12 instead of 18

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55 Points Joined September 2016
I apply gst rate 12% on rent income instead of 18% what to do process next
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On 26 March 2022 at 13:32 Report
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Practicing Chartered Accountant
959 Points Joined May 2016
Issue debit note for the remaining tax amount.
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On 26 March 2022 at 14:53
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55 Points Joined September 2016

Sir it's apply 18% from last year

Interests leviable?

And it's tax liability deduct from ITC?   

 i have 10 lakh ITC available

 

 

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On 26 March 2022 at 14:58
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CFO- at NHTF
58280 Points Joined August 2012
Raise the invoice for balance amount and pay GST or adjust GST Liability against ITC
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On 27 March 2022 at 07:38
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55 Points Joined September 2016

Thank you sir tax payable amount interest leviable or not?

 

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On 27 March 2022 at 08:45
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28 Points Joined January 2018
U have ITC so interest is not Leviable
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On 28 March 2022 at 07:17
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55 Points Joined September 2016

Thank you very much sir

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On 28 March 2022 at 08:53
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CFO- at NHTF
58280 Points Joined August 2012
Interest is applicable for delay or short payment.

But it can be adjusted against ITC
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On 28 March 2022 at 09:54


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