I have one query related to Refund of GST paid to Govt.in the form of Cash of from ITC for Supply of Materials or services against which payment is not realized from Recipient.
is there any Section or clause in the CGST Act 2017?
Because the concern is, Suppliers has supplied the service or goods but the recipient company has filed Bankruptcy and since more than 12 months payment is not received by supplier.
How a supplier can get their GST Refund in the scenario of Bankruptcy filed by recipient?
Your expertise will help the Industry and also help the finance ministry to revise the norms in favor of supplier for non realization of their payment.
CAclubindia
