Gst Tax Invoice..

Divakar

Student CA Final

11857 Points Posted on 05 March 2018

Yes u can adjust it in next bill... But this is not good practice... He should have issued credit note for that

Rajat Vishnoi

57 Points Posted on 05 March 2018

for this purpose if you paid the tax at higher rate to your supplier and after rectification the value being lower makes you liable to get refund for what you paid in excess

Rajat Vishnoi

57 Points Posted on 05 March 2018

credit advice may be the another option

Divakar

Student CA Final

11857 Points Posted on 05 March 2018

She is talking that he is regular supplier... So easily can adjust with next invoice and pay only balance amount

Rajat Vishnoi

57 Points Posted on 05 March 2018

one of my supplier didn't mean regular supplier

Rajat Vishnoi

57 Points Posted on 05 March 2018

but u r right in your context

Divakar

Student CA Final

11857 Points Posted on 06 March 2018

She at herself talking about 2nd invoice

Rajat Vishnoi

57 Points Posted on 06 March 2018

but with same serial number I.e. altered invoice

Divakar

Student CA Final

11857 Points Posted on 06 March 2018

Ya no problem at all... Now return has not filed so she can consider altered invoice.... Ask for refund if u r not going to purchase from that supplier in future

Rajat Vishnoi

57 Points Posted on 06 March 2018

yes exactly what I want to say

Guest

Supplier was regular..so will adjust..
bt now another qstn...
wht abt ITC..?
I need to reverse it for differential amount..??
return for 1st invoice has already being filed by availing higher credit..

Divakar

Student CA Final

11857 Points Posted on 06 March 2018

Yup... I thought she is going to purchase from that supplier in future... So she can adjust excess balance accordingly

Divakar

Student CA Final

11857 Points Posted on 06 March 2018

U hv taken itc only on the basis of GSTR3B.... If 2nd invoice is not in next month then reverse ur itc in gstr3b... Ur itc will be credited as per GSTR1 filed by ur supplier