Hello Experts
On very rare occasions, our GST invoice is not paid by the client for many days. By that time, we have already paid GST in advance & filed all returns (monthly GSTR 3B & qtrly GSTR 1). It is also possible that the client has availed ITC. However, the client doesn't appear to be in a mood to clear payments despite all our reminders & efforts.
Is there a provision in GST to reverse such ITC & get a refund from GST.
Thanks in advance for your valuable inputs
Regards
SUNIL
| Originally posted by : CA Altamush Zafar | ||
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In this case the customer is not clearing your payment then how can it will effect your itc.Even though there is no option of refund No Sir, not our ITC but the clients ITC which is availed from our invoice. Can we get a refund of GST amount paid on such invoice because of clients non-cooperation to pay |
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No you can't
Legally he will have to reverse itc if not paid within 6 months. You can't take refund
no there is no such provision in GST to reverse such ITC & get a refund from GST.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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