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
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
CAclubindia
