Recovery against incorrect GST paid in vendor invoice

Hi All,

I have to pay some amount against vendor as charges on foreclosure. These charges were inclusive of GST.

Now I have made the payments Charges with GST. So I have to make an recovery against GST amount.

How should I raise the the credit note to set off incorrect gst amount, Input credit and incorrect expense off.

This is an case of NBFC.

Example:

Total amount to be paid was 183,169/- (inclusive of GST)

Incorrect GST paid : 32,970.00/-

So I have to make an recovery of 32,970/-.How should I raise the credit note.

Please suggest.

 

 

 

Replies (5)
Quick Summary
This discussion addresses how an NBFC employee can recover GST incorrectly paid on a vendor invoice. The vendor was supposed to bear the GST charges, but the invoice included it. The user needs guidance on issuing a credit note to offset the incorrect GST amount, reclaim input tax credit, and correct the expense.

Are you employee of NBFC ?

OR

Customer of NBFC ?
Whether invoice was raised correctly or not???

I am a employee in NBFC

Invoice was raised incorrectly by vendor. As per the payment terms vendor has to bear the GST. So my company is not responsible to pay GST to the vendor.

Please explain your situation completely

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