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if payment not received against the GST invoice can we take any action against customer. kindly suggestion
Replies (3)
suggest procedure
Yes once invoice is raised then you have to pay tax. GST act provides that buyer should pay the bill within 6 months or else the buyer will have to reverse the ITC claimed on the invoice.
If you don't receive the payment you should issue credit note & reverse the tax.
If you don't receive the payment you should issue credit note & reverse the tax.
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