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supplier filing gstr 1 and not gstr 3b
if supplier is filing GSTR 1 and not GSTR 3B, then would the ITC of buyer be at risk
Replies (4)
Yes, if the supplier is not filing GSTR-3B it means he is not paying tax. If he doesn't pay tax, you will not get input credit
No more Risk...
Buyer can avail the ITC benefits if Supplier file his GSTR 1.
GSTR 3B is not main return it's just a Interim return. So, Don't be consider about GSTR 3B...
Buyer can avail the ITC benefits if Supplier file his GSTR 1.
GSTR 3B is not main return it's just a Interim return. So, Don't be consider about GSTR 3B...
Doubt coming in the mind is
Supplier has created a liability for himself by filing GSTR 1
In the worst case if Supplier doesn't file 3B and doesn't pay tax, then Tax Officer would recover tax from Supplier or nullify ITC of buyers
Supplier has created a liability for himself by filing GSTR 1
In the worst case if Supplier doesn't file 3B and doesn't pay tax, then Tax Officer would recover tax from Supplier or nullify ITC of buyers
section 16(2)(c) input credit is eligible if
subject to the provisions of section 41, the tax charged in respect of such
supply has been actually paid to the Government, either in cash or through utilisation
of input tax credit admissible in respect of the said supply; and
subject to the provisions of section 41, the tax charged in respect of such
supply has been actually paid to the Government, either in cash or through utilisation
of input tax credit admissible in respect of the said supply; and
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