If Purchaser fails to pay the consideration amount for supply
This query is : Resolved
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25 January 2024
If Purchaser fails to pay the consideration amount for supply and declares as insolvent then also is it necessary that the supplier pay the gst amount for the said supply provided to to purchaser, the supplier has not even receive the amount of goods sold then also gst is liable to pay for the same
25 January 2024
In such a case GST will not be considered separately.
26 January 2024
IF i am not getting any amount from my vendor for the goods sold then is department liable to recover gst from me
26 January 2024
Yes, department is liable from recover it from you.
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