We(West Bengal) make a payment @ 92800/- to a party, who is a interstate supplier (Karnataka). After a long try,the party can not provide The Tax Invoice as well as they can't file their GSTR-1 for the particular period(F.Y 2020-21).Now the year is end and we are going to finalise our balance sheet and we assume that we will never get back the particular invoice which we pay(92800/-) from that party.
so, the question is, what is the entry in Tally/Books against this case?
as well as I request to all of you to please clarify this with The GST /Income Tax law. (Mention the section & rule also)
thanking you....
1. Dr expense, Cr vendor
2. expense head where tds is not applicable like printing stationery or office expense
3. nothing to be done under GST
CAclubindia
