Retention of GST on Retention Money

This discussion clarifies the treatment of Goods and Services Tax (GST) on retention money withheld from vendor payments. It addresses whether the tax portion needs to be reversed if payment isn't made within 180 days, as required for other overdue invoices. The consensus is that GST on retention money is indeed reversible if the payment exceeds 180 days, and the credit can be utilised upon final payment.