Menu
GST reversal
Hi, we have some clients who have not paid us the invoice amount from August 2017, but we have filed gst returns for August and paid these customers gst as well . now it has been more than 180 days and still they have not paid the due amount. how can I initiate reversal of the gst paid for these clients. and if we do the reversal can I use the credit from reversal to make my current gst payments? Thanks in advance.
Replies (5)
As per Rule 37 , registered person who has avail input on his inward supply has not paid the same supplier within 180 Days has reverse the ITC & deposit the interest for the same
Yes u can reverse the same in your current GST Return
Yes u can reverse the same in your current GST Return
Yes agree with Pankaj sir
so can we reverse the gst amt that we paid for the recipient from our gst account?
Yes you can.
Thank Pankj Sir and Vinod Sir for your valuable answers. Can you let me know under which tab or in which page the gst reversal can be initiated on the recipient of my service Who has not paid me even after 240 days?
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
