One of my client has not received gst credit for the financial year 2017-18 from a purchase party. My client and purchase party both are GST registered under normal scheme.
The purchase party is not ready to give credit by not putting gst no against my client's purchase.
So now should the credit be reversed and if yes then in current GSTR 3B or in GSTR 9 for FY 2017-18?
or should the gst amount of credit be paid by my client along with interest in GSTR 9?
What should be done now please give suggestions.
Thanking you all in advance.
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GST credit not received
Replies (6)
if your client has valid tax invoice then there is no requirement of reversing credit but if he doesn't have proper invoice then he has to pay tax with interest in GSTR-9 by DRC-03
The client has tax invoice but purchase party has not paid nor is going to pay gst amount so no credit will be received by my client
if he is not filling his GST returns then this is not your problem you just check that your client has made payment within 180 days and he has valid tax invoice that's it.
And if payment is not made within 180 dys then?
pay tax with interest by DRC-03
My client's purchase party has his gst filed returns timely but not quoted gst number of my client.
My client has made payment but post 180 days and has valid tax invoice, then too tax needs to be paid with interest?
My client has made payment but post 180 days and has valid tax invoice, then too tax needs to be paid with interest?
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