21 August 2020
Dear all We have paid godown rent to owner which we have taken for business. Now we have reduced his rent from April 20. Now problems is that he has paid gst on higher amount from April 20 to Jul 20 for which we have taken input credit. Please guide me can he amend bills from April 20 to Jul 20 and how we have to pay excess gst credit
21 August 2020
The landlord can issue the credit note with GST for the excess billing done.Based on this credit note you have to reverse the excess ITC to the extent of GST shown in the Credit Note.
CAclubindia
