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TMI BlogFees not paid by Student - GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Fees not paid by Student - GST X X X X Extracts X X X X X X X X Extracts X X X X ..... ment plan: 01.08.2017 10000 01.09.2017 10000 01.10.2017 10000 01.11.2017 10000 Please guide me, if student paid fees only August, 2017 month, from 20.09.2017 student not coming for classes & not paying fees, we are book GST liability in our books as per fees payment plan. Can i issue credit note for reverse of GST liability which is already book for the month of September, 2017 (Classes provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded to student till 20.09.2017) & also invoice not generate from 01.10.2017. Please guide me. Thanks & Regards, Jatinder Kumar Dear Sir, We are run a private coaching center, student give fees on installment basis for example total course fees ₹ 40,000 including GST 01.07.2017 10000 01.08.2017 10000 01.09.2017 10000 01.10.2017 10000 Please guide me, if student paid fees only July, 2017, f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom 12.08.2017 student not coming for classes & not paying fees. How can handle situation, because we are book liability of GST in our books as per installment basis. Can i issue Credit Note to reverse gst liablity which is already book for the month of August, 2017. Thanks in advance Read more at: https://www.caclubindia.com/experts/installment-not-paid-by-student-gst-2557359.asp Reply By KASTUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I SETHI: The Reply: When invoice is not issued , liability arises from the due date of payment as per schedule in Prospectus. You will have to pay GST for full month of September. Regarding further guidelines for October onwards, you may contact your jurisdictional Range Officer and give in writing about factual position. You may get relaxation as when no consideration is likely to be received an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d no service is to be supplied , GST for what and on what grounds. Reply By Rajagopalan Ranganathan: The Reply: Sir, It is sufficient if you pay gst for the month of August 2017 since you have provided coaching service for the month of August 2017 and collected the fees of ₹ 10,000/-. For the rest of fee schedule you have not collected the fees as per the schedule since the student disc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontinued the course offered by you. Since you have not provided any service fro, September onwards you are liable to pay any gst. This is my opinion. Reply By Ganeshan Kalyani: The Reply: It can be construed that revenue is received as and when the fees from student is received. Aug 2017 fees is subject to GST. For other month the fees is not received. So GST is not payable on this amount. Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By KASTURI SETHI: The Reply: You have supplied service up to 18.9.17. So tax liability has become due from the due date mentioned in prospectus. If you have not received consideration for September, 17 you will have to prove this and intimate the department about the factual position. Then you can avoid paying GST for September, 17 ( up to 18.9.17). If you do not intimate about non receipt of c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsideration to the department you will have to pay GST. So to be on safer side, intimate the department. Also intimate there is no chance for recovery from the students as they have left. Reply By Himansu Sekhar: The Reply: Up to sept. You have to pay gst. Afterwards gst is not leviable. If you have issued invoices from Oct. Issue credit note. Reply By KASTURI SETHI: The Reply: Yes. Himanshu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ji. You are 100 % correct. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Himanshu Reply By Jatinder Kumar: The Reply: Thank you very much all experts, Please note, September month GST paid by us from our pocket due to fees not received by student but service provided. Student ledger balance show ₹ 10,000 Dr. in our books of accounts, how can write off, please ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... guide me.
Thanks & Regards,
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