Case1: Vendor didn't made GST amount collected, we withheld to that amount upon his confirmation and asking to pay remaining
How to show account this in our books if vendor not willing to gst to govt ? actually it is eligible for ITC
case2: What if ineligible for ITC and vendor not paid gst, we witheld to the extent of non payment of gst . vendor asking to release blance payment.
how to account this ?vendor is not willing to pay gst.
both the cases vendor is shuting down his business
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GSTIN Defaulters
Replies (2)
Quick Summary
Case 1 - Write off the amount to discount. forget the ITC. Don't pay to vendor
Case 2 - Write off the amount to discount. Don't pay to vendor
Case 2 - Write off the amount to discount. Don't pay to vendor
Shouldn't we take any written confirmation from the vendors ?
case-2 this is loss to govt not us as we are ineligible to take itc on that. Question here is how can we show this in our books ?
case-2 this is loss to govt not us as we are ineligible to take itc on that. Question here is how can we show this in our books ?
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