GSTR 3B - Part Invoice GST payment clarification

Accounts 187 views 3 replies

Hi,

 

Due to COVID-19 my departed commercial tenant told he will pay me only half month's rent on 24.03.2020 for the month of March 2020 and based on that I paid only half rent but the March month's GST invoice issued to him had entire month's rental value. However during his departure from the rental property on July month he paid the full month's rent for March 2020.

How should I rectify this please help me.

Replies (3)
You issue bill for full rent..
You received also full rent from tenant..
and if you have shown half rent in your GSTR return than you can now show half rent in current GST return and pay tax along with interest according..

Considering you are registered under GST

difference received in july pertaining to March half  rent , consider the same in August 2020 GST Return, and deposit GSt and interest on the same accordingly

Pay tax on whole as time of supply is arisen


CCI Pro

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