GST Paid on, Amount wholly goes Bed

249 views 4 replies
what could be the treatment of GST which already been paid on amount write off as Bed Debt.
service is completed and Time of supply is due...
Replies (4)
There is No GSt on Bad debts , so nothing can be done
that I know but mine questions is all about of GST on amount which I couldn't be recovered from customer...
becos as per provision if buyer is not making payment with in 180 days then he has to reverse ITC same provost must have for supplier point of if he couldn't able to recover money for which he had made payment shall have to be construed as advance payment and to allow him against it future liability
Now do u get...things..?
No there is no any such provision in GST so far .
As in future on portal you can have Grading system for every dealer , can check dealer Grade before Supplying him any goods
let's see but due this hug capital crunch one has to bare...thanks for sharing your views..

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