In case of upward price revision, a registered person will issue ...

In case of upward price revision, supplementary invoice/debit note must be issued within 30 days. Increased rent is treated as supply under GST.

Case Laws GST

July 6, 2024

In case of upward price revision, a registered person will issue a supplementary invoice or debit notes within 30 days, and such revision shall be treated as supply under the GST Act, with tax payable. The applicant had entered into a contract for renting immovable property services and intends to revise the price upwards, issuing supplementary invoices. The collection of increased rents for the past period from 01.09.2005 to 30.06.2017 shall be treated as "supply" under GST, and the entire increased rent amount of Rs. 1,60,42,203/- for the period from 01.09.2005 to 31.08.2022 shall be liable to GST under CGST/TNGST Acts, 2017.

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In case of upward price revision, a registered person will issue ...

In case of upward price revision, supplementary invoice/debit note must be issued within 30 days. Increased rent is treated as supply under GST.

Case Laws GST

July 6, 2024

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