Please help me
Mr. A sales goods to Mr. B and mr. A filed their GSTR 1 gst paid in same month in GSTR 3B
but Mr . B not paid amount to Mr. A within 180 days or onward
In this case Mr. A want to recover gst output tax paid
How Mr. A recover output tax paid in GSTR 3B
Menu
BAD DEBTS TREATMENT IN GST
Replies (2)
No bad debts is out of purview of GST.
Since the Recipient failed to pay the consideration along with GST even beyond 180 days from the date of Invoice, Mr. B is required to reverse the ITC availed along with Interest @ 18%. Mr. A have to force Mr. B for the payment.
As said by Mr. Pankaj Sir, Bad Debts are out of the purview of GST. Bad debts per se are not allowed for the reduction in GST liability.
As said by Mr. Pankaj Sir, Bad Debts are out of the purview of GST. Bad debts per se are not allowed for the reduction in GST liability.
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
