I have a soleproprietorship business and one of our property was given on rent for 25000 per month for commercial purpose and tenant of property was collecting TDS regulary but i did not issue GST inovice for FY2020-21 for Rs 3Lakh and did not collect GST of Rs 54000.my query is to get ITC for tenant what should I do now.can I raise invoice for Rs 354000 in july 2021 and upload it in july GSTR 1.
3 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 14 July 2021
Yes you can do the same provided the tenant agrees. Before due date of September return itc can be taken therefore ITC will be available right now.
You will be subject to interest though on the cash portion.
You will be subject to interest though on the cash portion.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 July 2021
You may raise the invoice, include it in gstr1 and pay tax with interest so that the tenant can avail ITC.
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 15 July 2021
Interest @ 18% applicable.
There is no other issues.
There is no other issues.
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