Interest for gst under rule 37
This query is : Resolved
24 June 2019
RESPECTED SIR
WE HAVE PURCHASED AIR CONDITIONER FROM PARTY IN FEB 2019
BUT AIR CONDITIONER IS NOT WORKING PROPERLY ALSO PARTY HAS NOT DEPOSITED GST TILL NOW.
PARTY IS NOT PROVIDING PROPER SERVICE TILL NOW.
SO WE HAVE NOT PAID SOME AMOUNT TILL NOW.
MY QUERY IS WHETHER WE WILL BE LIABLE TO PAY INTEREST ON UNPAID AMOUNT AFTER 180 DAYS OF INVOICE?
WHETHER ANY OTHER OPTION AVAILABLE WITH US ?
PLEASE ADVICE ON THE SAME
WE HAVE PURCHASED AIR CONDITIONER FROM PARTY IN FEB 2019
BUT AIR CONDITIONER IS NOT WORKING PROPERLY ALSO PARTY HAS NOT DEPOSITED GST TILL NOW.
PARTY IS NOT PROVIDING PROPER SERVICE TILL NOW.
SO WE HAVE NOT PAID SOME AMOUNT TILL NOW.
MY QUERY IS WHETHER WE WILL BE LIABLE TO PAY INTEREST ON UNPAID AMOUNT AFTER 180 DAYS OF INVOICE?
WHETHER ANY OTHER OPTION AVAILABLE WITH US ?
PLEASE ADVICE ON THE SAME
25 June 2019
As per my opinion, you can raise a debit note to balance the unpaid amount for not providing proper service and also reverse the GST input credit equivalent to the debited amount.
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