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Invoice Required Details

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Pritam Mukherjee

64 Points Posted on 20 June 2023

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 ??

Replies (9)

Quick Summary

This discussion addresses how to handle invoicing for a cancelled tour package where an advance payment was received and tax already paid. The recommended approach involves issuing a Debit Note for the cancellation charges and a Credit Note for the refund amount, ensuring applicable GST is applied to both. It clarifies that even without a prior tax invoice, these notes are necessary, and the SAC/HSN code remains the same as the original booking.

B Durga Prasad

Student

125 Points Posted on 20 June 2023

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.