Interest for gst under rule 37

This query is : Resolved

CA jignesh daiya (Querist)
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24 June 2019 RESPECTED SIR

WE HAVE PURCHASED AIR CONDITIONER FROM PARTY IN FEB 2019
BUT AIR CONDITIONER IS NOT WORKING PROPERLY ALSO PARTY HAS NOT DEPOSITED GST TILL NOW.
PARTY IS NOT PROVIDING PROPER SERVICE TILL NOW.
SO WE HAVE NOT PAID SOME AMOUNT TILL NOW.

MY QUERY IS WHETHER WE WILL BE LIABLE TO PAY INTEREST ON UNPAID AMOUNT AFTER 180 DAYS OF INVOICE?
WHETHER ANY OTHER OPTION AVAILABLE WITH US ?

PLEASE ADVICE ON THE SAME

Udaya Chandran

Udaya Chandran (Expert)
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25 June 2019 As per my opinion, you can raise a debit note to balance the unpaid amount for not providing proper service and also reverse the GST input credit equivalent to the debited amount.