Refund of GST paid to Govtfor Supply of Materials or services against which payment is not realized
This query is : Resolved
18 December 2023
Hello GST Experts,
I have one query related to Refund of GST paid to Govt.in the form of Cash of from ITC for Supply of Materials or services against which payment is not realized from Recipient.
is there any Section or clause in the CGST Act 2017?
Because the concern is, Suppliers has supplied the service or goods but the recipient company has filed Bankruptcy and since more than 12 months payment is not received by supplier.
How a supplier can get their GST Refund in the scenario of Bankruptcy filed by recipient?
Your expertise will help the Industry and also help the finance ministry to revise the norms in favor of supplier for non realization of their payment.
Thanks & regards,
Tejas Vora
I have one query related to Refund of GST paid to Govt.in the form of Cash of from ITC for Supply of Materials or services against which payment is not realized from Recipient.
is there any Section or clause in the CGST Act 2017?
Because the concern is, Suppliers has supplied the service or goods but the recipient company has filed Bankruptcy and since more than 12 months payment is not received by supplier.
How a supplier can get their GST Refund in the scenario of Bankruptcy filed by recipient?
Your expertise will help the Industry and also help the finance ministry to revise the norms in favor of supplier for non realization of their payment.
Thanks & regards,
Tejas Vora
18 December 2023
In case of bankruptcy of the recipient no refund of GST possible.
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