Gst not deposited by the supplier for the whole year. i.e. from the begining of gst.

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10 Points Joined August 2016

Hello Sir,

                     if a Assessee/supplier claims  the GST from us by issuing Bills with GST from July - 17 and has not Deposited it Despite giving many reminders, now he says that he has Surrendered his GST number.

What we should do now as we were regularly claiming it every month. (i.e. from july - 17 to June -18)

Thanks

Rajan Kakkar

98789-14145

 

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On 09 August 2018 at 12:02 Report
Replies (4)
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390 Points Joined July 2018
you don't need to worry if you have valid invoice with you which supplier has issued
and
2nd thing you can make grievance on GST Portal against the supplier
3) GST can't be surrendered till now( present) as per Gst office, you can apply it online but it will show pending and you have to file your return.
2 Reply
On 09 August 2018 at 13:49
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CA-FINAL
422 Points Joined April 2014
you have to reverse the full ITC and need to deposit same with interest and than recover it from vendors.
2 Reply
On 09 August 2018 at 13:49
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10 Points Joined August 2016

Dear Sir,

            Thanks for your reply, 

   We have to Calculate interest on Monthly basis or annual basis, as we have claimed  ITC on Monthly bills.

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On 09 August 2018 at 15:58
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CA-FINAL
422 Points Joined April 2014
interest in late payment @ 18% P.A and will be calculated for no. of days delayed.

in your case it will be calculated seperately for each worng ITC i.e. for each month seperately from the due date of tax payment.
1 Reply
On 09 August 2018 at 16:02


CCI Pro

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