We paid bill outstanding amount to supplier.But supplier still not paid GST.We claimed ITC in 3 months Back.Any Reveral we shold made or not required.Please share provisions in GST law?
2 Replies
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 09 May 2018
Legally you cannot take the ITC as per clause c of sub-section 2 of section 16. Ask the supplier to make the payment or else it will be disallowed in future and you may have to make the payment along with interest.
john legend
(376 Points)
Replied 09 May 2018
just ask supplier to upload the invoice and file returns on time so that each and every input is reflected in gstr 2A so that you can see in them
make reconciliation of suppliers time to time who has uploaded and who has not file returns so that when govt comes out with single return after 6 months you would not have any problems
hope u got my point
thanks and regards
make reconciliation of suppliers time to time who has uploaded and who has not file returns so that when govt comes out with single return after 6 months you would not have any problems
hope u got my point
thanks and regards
Recent Topics
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
Related Threads
CAclubindia
