Tax Invoice On Retention and CN

Hi,
I’ve issued a tax invoice for retention amt (for work in GST period) dated 30Aug2018 as per DG’s decision.
Am I allowed to issue a non-tax Credit note for the same retention (without reversing the GST) as the retention is not due receivable yet? Can i date the CN on the same date, 30Aug2018?

illustrated as follows:
Tax Invoice: Retention (10,000) + GST (600) = 10,600
Credit Note: Retention (10,000) = 10,000

Nett receivable (invoice outstanding)=600 (which is just the GST amt that I pay Customs.

Asked on October 22, 2018 2018-10-22 07:59:58 Business (商家)
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2 Answer(s)

When you issue a credit note, at the same time you should account for the 6% GST.

Answered on October 23, 2018. 2018-10-23 05:28:17

If we account for 6%GST in the CN then it would have neutralised the first step of issuing a tax invoice because DG’s decision wants the GST to be accounted for.

on October 23, 2018. 2018-10-23 05:55:46
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You have up to 31/12/2018 to finalise all your Form GST-03 and claim all input tax credit which you have left out after 1/6/2018.

Answered on October 23, 2018. 2018-10-23 07:48:53
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