We had generated a bill with GST invoice two years back(in2018). But the payment is due. Now, the customer is insisting to give a new bill (dated 2020) as he is not able to avail tax portion for the old bill.
Can we generate the new bill?? And what to do with the old bill?
please suggest
13 Replies
Aalam Sheikh
(CSR)
(72 Points)
Replied 12 July 2020
Raise credit note for the old bill if tax already has been paid. And raise new bill only if there is no other possibility
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 12 July 2020
Credit note can be issued if it's not applied to GST. Otherwise You can do with credit note.
Note : It's not Reverseable in GST returns.
Note : It's not Reverseable in GST returns.
Aalam Sheikh
(CSR)
(72 Points)
Replied 12 July 2020
Earlier credit note has to be raised before 30th September however this was amended vide notification no 02/2019 29th Jan 2019.. Linking of credit note with invoice is not mandatory anymore.
CA Pratik Patel
(Mr.)
(434 Points)
Replied 12 July 2020
You can issue GST Credit Note only till 6 months from date of supply.
Vijayprakash P
(1313 Points)
Replied 12 July 2020
Credit note cannot be raised since it is time expired case which effects closing balance of the last two years.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 12 July 2020
@ Mr KRISHNAN KP.,
Is any difference if supplied goods or services as per query...?
Is any difference if supplied goods or services as per query...?
Bahubali Cv
(19 Points)
Replied 12 July 2020
But what is the option to collect due from the customer in this case?? He has not accounted that bill..
CA Pratik Patel
(Mr.)
(434 Points)
Replied 13 July 2020
The mistake is from the side of customer and not from u.....
It was his duty and responsibility to properly check 2A incase of any missed invoice and claim the same before due date of Sept of Next FY.
So you have legal right to collect amt due irrespective of whether he claimed ITC or not.
It was his duty and responsibility to properly check 2A incase of any missed invoice and claim the same before due date of Sept of Next FY.
So you have legal right to collect amt due irrespective of whether he claimed ITC or not.
Recent Topics
- GST Refund under Inverted Duty Structure without E
- Expense consideration
- 5 Reasons You Need to Experience Cait Ye Garba Thi
- While filing ITR 1 IN CASE let out property it is
- Regarding LTCG on property where payment is constr
- Tenant rent reflecting wrongly in AIS
- Is Godown construction ITC Eligiblility
- RCM on import service FY 17-18
- PF Registration (MCA)
- Tax RATE on Statues
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
