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GST Tax collection Refunded

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Antony

Manager

54 Points Posted on 05 July 2022

Sir,

I am an auditorium service provider opted quarterly return filing. In the last financial in Quarter 1 and 2 there were refund of rent and GST due to cancelation of booking. Though the refund bill details have been filed in respective returns. refund rent amount is not deducted while calculating the taxable amount. Hence tax has been paid including the refund amount. The question is whether i can deduct the refund of rent from current years rent collection and compute tax accordingly. Whetehwr I have to file again the same refund bill deatils.

Thanking You

Antony Kaitharath

Replies (2)

Quick Summary

A service provider who opted for quarterly GST returns is asking if they can deduct past rent refunds, due to cancelled bookings, from their current year's rent collection. They had filed the refund details in their previous returns but the taxable amount wasn't adjusted. The question is whether they can now deduct this refund and compute tax accordingly, or if they need to refile the refund details.