sir
if any recipient of goods not makes payment of seller.
then is there any process/action can be take by gst department.
what if both are registered under gst act.
and what if the recipient is not registered under GST act.
please guide me.
thanks in advance
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Non payment of sales
Replies (6)
If the recipient of goods doesn't make payment within 180days the ITC availed by the recipient should be reversed This is what the provision says
Only in the case of a Registered person, the action taken by the GST department will not matter because you are not going to get any benefit from that action(The buyer will reverse ITC and nothing more), for unregistered the option of ITC availment does not arise and no concept of reversal aswell.
Agree with vikas
Yes agreed
Thanks to all of you.
Your welcome
U may b keep payment vouchers unless u r liable to pay full opt with interest, or if the seller can not block itc timely,or u claimed itc in return but not payment made within 180 days by u.
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