I have supplied material to my client (Pvt Ltd Company) worth Rs. 40 lacs including GST. Now he is not paying me the amount. I am going to file a suit. How can I issue credit not against him so that he has to reverse the input along with interest?
2 Replies
Himanshu
(Student CA Final )
(114 Points)
Replied 03 May 2019
if payment has not been made within 180 days from date of supply ,recipient of goods is liable to reverse the ITC along with interest,however he can claim ITC after payment is made.
pritesh
(CA Final student)
(7101 Points)
Replied 03 May 2019
No you cannot issue a credit note.. better you can declare as bad debts .
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