For a Tour package Guest deposited Advance of Rs 10000/- .... We have deposited TAX for that in 11A.... Now they are Cancelling the Tour. We want to deduct Rs 2000/- as cancellation charge and Refund rest of the amount.
What should be the invoices for this ??
Menu
Invoice Required Details
Replies (9)
For the cancellation of the tour package, you should create the following invoices:
-
Cancellation Invoice:
- Invoice Type: Debit Note
- Invoice Amount: Rs 2000/-
- Reason: Cancellation charges
- GST Treatment: Apply applicable GST rate to the cancellation charges (e.g., 18% GST)
-
Refund Invoice:
- Invoice Type: Credit Note
- Invoice Amount: Rs 8000/- (original advance amount - cancellation charges)
- Reason: Refund of advance payment
- GST Treatment: Apply applicable GST rate to the refund amount (e.g., 18% GST)
Ensure that you mention the relevant invoice numbers, date, and other required details as per the GST rules.
To learn more about Registration and login on GST e-invoice portal click here
For more detailed information, visit Swipe Blogs.
But Sir , Hw cn i generate debit / credit note ?? as Tax invoice not generated. only Receipt Voucher generated ...
Better to prepare cancellation charges invoice and GST.
balance to reverse the customer
balance to reverse the customer
What should be SAC code for GST Cancellation charge??
Use the same booking code
And should I generate a refund voucher for the refund amount??
Sac code and hsn code remains the same. .
@ Mr. Pritam Mukherjee,
- And should I generate a refund voucher for the refund amount??
-> Yes, You can.
- And should I generate a refund voucher for the refund amount??
-> Yes, You can.
And GST will be 18% on Cancellation Charge ... Right ??
Recent Topics :
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
Related Topics :
CAclubindia
