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Outstanding Payment

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119 Points Joined November 2020
Dear Sir,

If a party not paying the due amount from last 6 months then what will be the next step... as the saler already paid the tax against the supply of goods in the form of GSTR 1.

Any rules are not getting the payments on time Or unrecoverable amount.
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On 24 April 2022 at 16:40 Report
Replies (9)
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CFO- at NHTF
58280 Points Joined August 2012
Upload the amended invoice with zero tax .

Buyer gets notice if ITC has already claimed ..They approach you .

Else discuss with the buyer and close it
1 Reply
On 24 April 2022 at 17:08
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Profession Business
28196 Points Joined May 2017
Discuss with the buyer
do not think such practical problems are there.
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On 24 April 2022 at 18:15
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CFO- at NHTF
58280 Points Joined August 2012
Write a mail to customer stating that payment is due from very long
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On 24 April 2022 at 20:31
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Profession Business
28196 Points Joined May 2017
Ìt will not be solved like that.
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On 24 April 2022 at 22:25
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CFO- at NHTF
58280 Points Joined August 2012
The solution should come from customer only
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On 25 April 2022 at 00:01
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Chartered Accountant
5010 Points Joined March 2020

You can issue him a notice under MSME Act via MSME Samadhan.

The legal case can only be filed if you are an MSME. 

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On 25 April 2022 at 13:04
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CFO- at NHTF
58280 Points Joined August 2012
If payment is not made within 180days then the purchaser should reverse the ITC..You may inform the same to GST Officer
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On 25 April 2022 at 14:19
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Profession Business
28196 Points Joined May 2017
Msme not yet discussed by querist.So irrelevant.
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On 26 April 2022 at 09:56
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CFO- at NHTF
58280 Points Joined August 2012
Better to go by mutual discussion
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On 26 April 2022 at 10:30

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