For a Tour package Guest deposited Advance of Rs 10000/- .... We have deposited TAX for that in 11A.... Now they are Cancelling the Tour. We want to deduct Rs 2000/- as cancellation charge and Refund rest of the amount.
What should be the invoices for this ??
For the cancellation of the tour package, you should create the following invoices:
-
Cancellation Invoice:
- Invoice Type: Debit Note
- Invoice Amount: Rs 2000/-
- Reason: Cancellation charges
- GST Treatment: Apply applicable GST rate to the cancellation charges (e.g., 18% GST)
-
Refund Invoice:
- Invoice Type: Credit Note
- Invoice Amount: Rs 8000/- (original advance amount - cancellation charges)
- Reason: Refund of advance payment
- GST Treatment: Apply applicable GST rate to the refund amount (e.g., 18% GST)
Ensure that you mention the relevant invoice numbers, date, and other required details as per the GST rules.
To learn more about Registration and login on GST e-invoice portal click here
For more detailed information, visit Swipe Blogs.
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