Menu
Gst query regarding gst on sales
can gst paid at time of sales be reversed at time of claming bed debts
Replies (1)
Under current Indian GST law, there is no provision to reverse or claim a refund for GST paid on a sale that subsequently becomes a bad debt. While the customer may be required to reverse their Input Tax Credit (ITC) if they fail to pay you within 180 days, you (the supplier) remain liable for the output GST you already paid to the government.
Recent Topics :
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
Related Topics :
CAclubindia
