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Situation - current month is October.
Client is a real estate company. Vendor is a call centre. Vendor has issued invoices month on month during June, July, Aug.
Client could not process the invoices due to some xyz reason.
In October month, client's accounts dept refused to accept those invoices as their books are closed for those months & asked vendor to change the invoice date to October else it is not possible to process their payment.
Vendor refuses saying he has already paid the GST on it & can't change it at any cost.
Client gave a solution to the vendor to 'cancel' those invoices and issue a fresh one with October date and said that the taxes that they paid (service tax of June invoice & GST of July-Aug invoices) would be refunded to them.
But vendor is saying that's not possible.
Pl suggest what are the possible ways out of this situation? Client is keen on clearing the vendor's payments but due to this issue he is unable to. Pl share your expert, informed solutions.
CAclubindia
