GST reversal against payment not received
This query is : Resolved
Quick Summary
Rakesh Sharma
(Querist)
13 July 2020
Respected Experts, I, registered in Delhi, have sold some goods to registered person
at Maharashtra in 13-12-2020 about 5 Lacs included 28% IGST. At present he is not
releasing the payment of above amount.
Can we make Credit note of the above value & adjust GST amount shall adjust in return?
My humble request to all the experts please guide me what to In this scenario?
Kindly regards,
Rakesh Sharma
at Maharashtra in 13-12-2020 about 5 Lacs included 28% IGST. At present he is not
releasing the payment of above amount.
Can we make Credit note of the above value & adjust GST amount shall adjust in return?
My humble request to all the experts please guide me what to In this scenario?
Kindly regards,
Rakesh Sharma
Lekhraj sood
(Expert)
13 July 2020
The supply of goods is already done.You cannot issue credit note with GST for non-receipt of payment.Please follow up for payment.
CA R SEETHARAMAN
(Expert)
13 July 2020
Credit note can't be issued and GST adjusted in such a case.
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