GST ON courier Agency

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This query is : Resolved

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A courier agency is seeking advice on how to handle GST payments when four of its major clients, all banks, only pay their invoices every six months. The agency files and pays GST monthly at 18% and is struggling with the cash flow implications of these delayed payments. They are asking for solutions, such as how to postpone GST payments for these specific clients or what type of invoice to use, to avoid paying the GST out of their own pocket.

tds files

tds files (Querist)

10 December 2020 We are courier agency.
We provide courier service to companies, normal people and 4 banks in our area. we issue invoices to every one and also 4 banks monthly, but payment not received from 4 banks on monthly basis, they paid every 6 months once.
Problem with Only these banks. Remaining every one paid monthly.

My query is,
GST paid monthly or 6 months particularly these Banks?.
Tell me Any solution for payment of 6 months only otherwise i pay personally my own money.

I file gst every month and paid gst@18%. Problem with this Banks only.

tds files

tds files (Querist)

10 December 2020 can any one tell me please. which type of invoice i used to ppstpone my gst amount?

Lekhraj sood

Lekhraj sood (Expert)

10 December 2020 I do not think you can issue invoice after 6 months.So you need to ask banks to pay GST amount monthly or add the interest on the rate of your courier service to them.

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