Date of supply for excess payment
This query is : Open
23 July 2017
ex. invoice issued 990 on 1.10.17
payment received 1000 on 15.10.17
excess payment = 10
now next month
invoice issued 990 on 1.11.17
payment received 980 on 15.11.17
my question is that what will be the time of supply for RS 10----1.10.17. or 1.11.17???
which invoice date does proviso to section 12(2) refers????
23 July 2017
it will be 1/11/17.
Message likes :
1 times
23 July 2017
As per the proviso of section 12(2) of CGST Act, any excess amount received up to Rs . 1000, the supplier can opt the date of invoice in respect of such excess amount received as time of supply.
23 July 2017
He can opt 01.11.17
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
