Gst payment on amount due but not recevied
This query is : Resolved
23 January 2018
A person registered under GST providing Service has to issue bill/Invoice within 30 days of completion of Service and deposit GST with Gov't irrespective of Amount received or not, So what if person fails to recover Invoice amount,on or before the due date of depositing GST? Can he go for cash basis accounting or any other alternative is granted under GST Law?
23 January 2018
Cash basis of accounting not allowed under GST. You have to pay GST irrespective of receipt of payment or not.
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25 January 2018
Thanks Sir I got it.....
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