We have issued 50 invoices to our vendor during the month of sep-18 but these 50 invoice rates have been increased in the month of oct 18.How to raise one supplementry invoice for 50 invoices & how to adjust it under Tally ERP 9
6 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 05 October 2018
Till now consolidated credit/debit notes for multiple invoices issued in a FY is only a recommendation by the GST council and has not yet been notified.
So, you have to issue debit note/supplementary invoice, invoice wise.
Babajan
(Accountant)
(69 Points)
Replied 05 October 2018
For 50 invoices 50 supplementry invoices have to issue
Mahendra Dhobi
(Service)
(25 Points)
Replied 28 June 2019
sir,
is interest applicable on supplementary invoices in above case?
Siddaraju S Krishnappa
(GST Expert)
(190 Points)
Replied 28 June 2019
Are you issuing supplementary invoices pertaining to 2018-19, now?
Can you please elaborate your question?
Is it predated invoices or which supposed to be raised but not raised, or any other reason?
Mahendra Dhobi
(Service)
(25 Points)
Replied 28 June 2019
we raised Supplementary invoices in month of May-2019 due to rate increased by our customer
reference to original invoices in fy of 2018-19.
so, is interest payable on GST of Supplementary invoices?
Siddaraju S Krishnappa
(GST Expert)
(190 Points)
Replied 28 June 2019
Answer is NO,
why
as per law - interest payable only on non payment of liability
as on may 2019 (i.e until on issue of supplementary invoice) there is no exisistance of liability
liability arised only on issuance of supplementary invoices - pay tax n close it off
no interest is applicable
why
as per law - interest payable only on non payment of liability
as on may 2019 (i.e until on issue of supplementary invoice) there is no exisistance of liability
liability arised only on issuance of supplementary invoices - pay tax n close it off
no interest is applicable
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