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Baddebt

This query is : Resolved 
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(Querist)
16 June 2019 Sir,
We have made advance payment to creditors for goods purchase.
Later on after 3 years, No goods delivered to us and no refund of advance amount made to us.

Sir , whether Advance paid to creditors can be written off as baddebt.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 June 2019 Yes, write it off as bad debt.
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