Goods and Services Tax

GST credit on pre Emi interest/assured rental/late possession penalty as special discount after supply of services us15(3)(b) of CGST act.

Goods and Services Tax – Started By: – aditya Kumar – Dated:- 16-4-2018 – If we pay as per agreement to sale, monthly pre Emi interest/assured rental/late possession penalty on sale of under construction flats to customers, Can we reverse GST by issuing credit note on pre Emi interest/assured rental/late possession penalty as special discount after supply of services us15(3)(b) of CGST act.? If yes then,how much time is available for issuing credit note 1 year ot last date of filing annual retu

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