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....
CAclubindia
