I have supplied material to my client (Pvt Ltd Company) worth Rs. 40 lacs including GST. Now he is not paying me the amount. I am going to file a suit. How can I issue credit not against him so that he has to reverse the input along with interest?
Menu
Non payment by client
Replies (2)
if payment has not been made within 180 days from date of supply ,recipient of goods is liable to reverse the ITC along with interest,however he can claim ITC after payment is made.
No you cannot issue a credit note.. better you can declare as bad debts .
Recent Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
