Gst bill reverse

This query is : Resolved

Abhishek Jain (Querist)
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08 August 2019 Dear Team ,

If company raise invoice to party after charging GST and company also filled the return and also paid tax with interest , but after six month party still not paying the same and it mostly bad debts of the company . so now company want to reverse the liability of gst and interest amount paid to the govt. So whether company need to raise credit note or it can be amend in b2ba invoice .

Please help on the same.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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08 August 2019 GST Law provision ( sec 16 of CGST Act ) has been made for reversal of ITC where payment to vendor is not made in 180 days.

But no where its been provided that supplier can reverse the liability or claim refund , in case recipient fails to pay .
In my view , company can neither reverse the liability by way of credit note or amending the invoice