Gst Related



If one get GST purchase but supplier did not pay Output Gst. what will be remedy for purchaser that no penalty , interest will be levied and he get Gst credit.
 
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© terabhaiCAbanega

purchaser has to reverse the input of such invoice in the return 

and pay interest @ 18% in excess input taken in gstr_9

 
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But purchaser already pay Gst to supplier . can't he avail credit and govt recover from supplier.
 
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Manager Audit

Please refer section 16(2) of CGST Act, ITC eligible subject to the following conditions:

1. Possession of tax invoice/debit note
2. Receipt of goods/services
3. Payment of tax charged on such supply to appropriate government
4. Furnishing of GST return by the vendor

It is the responsibility of both parties. 

 
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whether penalty can be levied on purchaser.
 
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ACCOUNTS PROFESSIONAL

As per Section 155 , If supplier do not deposit the tax The Recepient is liable to deposit the same with Interest
 
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Any time limit for such
 
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chartered accountant

Originally posted by : Pankaj Rawat
As per Section 155 , If supplier do not deposit the tax The Recepient is liable to deposit the same with Interest

ok sir thanks

 
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Some officer may agreed difference between itc claimed and itc gstr 2a due to non filing of return by supplier..and some officer may argue to pay tax which has not been deposited by supplier..

you can prepare reconciliation statement while filing gstr 9
 
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