PENALTY FOR LATE DELIVERY

[Bharat Doshi]

ONE OF MY CLIENT SUPPLIES  GOODS TO GOVT. DEPARTMENT. 

THERE IS A CLAUSE TO LEVY PENALTY FOR LATE DELIVERY OF GOODS.

AND THEY HAVE DEDUCTED AMOUNT FOR LATE DELIVERY OF GOODS AND PAID  THE BALANCE AMOUNT. 

WHAT IS THE EFFECT OF SUCH DEDUCTION UNDER GST AS THEY HAVE DEDUCTED THE SAME INCLUDING GST

YOUR EXPERT COMMENTS ON THE SUBJECT WILL BE HIGHLY APPRECIATED IN ADVANCE.

Thanks & Regards

B. A.Doshi & Co.

(Chartered Accountant)
A-401, New Delite CHS ,

Borivali Shopping Centre
Chandavarkar Road,

Borivali (West)

Mumbai-400092
Cont. no.022-28900460
Mob. no.09820389094

[sanjay kumar dey]

GST will be applicable on late delivery charges. A debit note with gst can be raised by the client and
credit note with gst by the supplier.

Regards
CA Sanjay Dey

On Sat, 04 May 2019 14:38:12 +0530 Bharat Doshi wrote

>ONE OF MY CLIENT SUPPLIES  GOODS TO GOVT. DEPARTMENT. THERE IS A CLAUSE TO LEVY PENALTY FOR LATE

DELIVERY OF GOODS.AND THEY HAVE DEDUCTED AMOUNT FOR LATE DELIVERY OF GOODS AND PAID  THE BALANCE

AMOUNT. WHAT IS THE EFFECT OF SUCH DEDUCTION UNDER GST AS THEY HAVE DEDUCTED THE SAME INCLUDING GST

YOUR EXPERT COMMENTS ON THE SUBJECT WILL BE HIGHLY APPRECIATED IN ADVANCE.Thanks & Regards

B. A.Doshi & Co.
(Chartered Accountant)

A-401, New Delite CHS ,Borivali Shopping Centre

Chandavarkar Road,
Borivali (West)
Mumbai-400092
Cont. no.022-28900460
Mob. no.09820389094

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[Ankush Sultania]

U can issue credit note for the same and the govt authority will issue debit note for the same. 

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