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Output Tax
I have supplied some invoice to Reqular dealer.These invoice are uploaded to me.But the buyer has not paid the amount.I can.file any complaint in GST Portal to get the invoice amount.
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You can reverse ITC if payment is not made within 180 days.
How can reverse ITC
if material delivered , this is your bad debt,show in p/l. your debtor's input credit will be reversed if payment not done in 180 days.
If you dont received payment within 180Days you can reverse entry.
Pass a Sales Return Entry.
At the time of filing of GSTR-3B Reverse Taxes Paid.
In Eligible ITC<(B) ITC Reversed<(2) Others.
REVERSE ITC ASAP
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