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Gst Related

15 March 2019

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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8 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 15 March 2019

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

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

akshay vaidmutha (bcom) (307 Points)
Replied 15 March 2019

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

CA Akshay Hiregange (Partner - Audit & Assistance) (4515 Points)
Replied 15 March 2019

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.

akshay vaidmutha (bcom) (307 Points)
Replied 15 March 2019

whether penalty can be levied on purchaser.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 15 March 2019

As per Section 155 , If supplier do not deposit the tax The Recepient is liable to deposit the same with Interest

akshay vaidmutha (bcom) (307 Points)
Replied 15 March 2019

Any time limit for such

venkata krishna reddy (chartered accountant) (792 Points)
Replied 15 March 2019

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

pritesh (CA Final student) (7101 Points)
Replied 15 March 2019

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