Menu
gst payment
I am a small trader. I have limited capital. I buy goods from Ludhiana and sell it in orissa. My parties don't pay on time. I have to sell them goods on credit, they pay very late. I can't force them to pay as I fear to loose customers. But as I give them goods on credit and buy goods from Ludhiana with money. I am left with no money to pay for GST on time. This leads to huge fines and penalty. my profit margin decreases. what to do ? Kindly help!
Replies (3)
You need to received 50% advance from parties,otherwise you make invoice & add one line,Please paid invoice amount within 30 days after invoice date,after 30 days charge 24% interest P.A for late payment.
Better follow from aman sir steps.
what ever penalty you are incurring.pls recover from them
what ever penalty you are incurring.pls recover from them
Good advice sir...
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
