Debtors fails to pay



we hv supplied to our customers and from last 4 months he has not done payment. He had given us PDC ... same bounced due to insufficient fund.

can we reverse GST?
 
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Accountant

No, you can't reverse GST

No Provision under GST for bad debts
 
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if the customer has taken itc on it and he has not paid such sum within 180 days from invoice then he has to reverse the itc taken in next month after expiry of 180 days.

Total likes : 1 times

 
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You cannot reverses the gst paid
 
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ACCOUNTS PROFESSIONAL

No you cannot ..... there is no such provision in GST
 
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student

no you cant reverse

 
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