ABC Ltd sold goods Rs.100000+GST to XYZ Ltd hsn code of the product is 18% 35061000 is mentioned in tax Invoice , ABC Ltd is already filed GST return, but actual hsn code of that product is 252329 28%, then ABC Ltd issued GST credit note for entire Rs.100000+18% and issued correct invoice with correct hsn 252329 Rs.100000+28% to XYZ Lts ?
Query 1:-Supplier action is correct?
Query 2:- if recipient claimed GST input on first incorrect hsn invoice is any problem from the GST Department?
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GST URGENT QUERY .
Replies (5)
1) Yes, supplier can do this as well
2) No problem because C/N is raised subsequent to tax invoice. The difference of ITC can be availed on the basis of the new invoice.
That means we can issue credit note for entire Rs.100000+18% GST, then issue fresh invoice Rs. 100000+28% GST, there is no problem on the receipent if the input is claimed on the first invoice, am i right? what is the invoice date in this case, it is same as first invoice?
Yes, no problem in this case because the revised invoice too would be uploaded by the supplier. If only C/N was uploaded, then the vendor was required to reverse ITC.
What about invoice date
A revised invoice must issue within 30 days of the original invoice.
The better process with credit/debit notes.
it's can generate up to succeeding year 30th September
The better process with credit/debit notes.
it's can generate up to succeeding year 30th September
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