30 October 2018
GST Payment against sales invoice is done but Client is not being ready to pay against that bill as he was accepted the bill and goods also accepted. Now current situation is client is not been answer and give a accurate date for the payment. Due is already cross 180 days as per the GST Rules, if we raised the credit note and take input tax credit then our company will not get the payment of goods because they will can be say that he will return the product/goods. What solution in this case ?.
31 October 2018
dear mr. narendra , as per rule if payment of any invoice has not been done than you have to reverse the tax credit and same has to deposit with department. means after 180 days customer has to reverse and pay tax . so you have to followup with them for your payment. or you can take a written concent on reversal , reverse the invoice and raise new one with this reference and take your payment.
CAclubindia
