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GST Bill raised to party. Payment not recevied

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Master Equipments Co. Pvt. Ltd

1 Points Posted on 29 December 2023

Hello Sir,

Greetings for the day. We needed your input. We have raised a GST Bill to one of our client last Dec 2022 & since then we have been following up for our balance payment but we have not been getting any reply from the client. It was some 4.03 Lakhs bill including GST & the party paid us 2 lakhs. Now the party is responding to our calls too. Can u suggest is there any provision we can cancel the bill. We even thought of going legal way but before that we just though of taking this up.

Your immediate reply would be highly appreciated.

Replies (2)

Quick Summary

A business has raised a GST bill for £4.03 Lakhs to a client in December 2022, receiving only £2 Lakhs so far. Despite follow-ups, the client is now unresponsive. The business is seeking advice on whether they can cancel the bill and is considering legal action. They also need to understand the GST implications, specifically regarding reversing proportionate credit if the full payment isn't received.

Suresh Kumar

Account

408 Points Posted on 29 December 2023

As per GST law, you have to reverse the proportionate credit of payment not received, if you have taken credit of whole invoice of amounting Rs. 4.03lakhs