GST on amount not paid to supplier, Goods and Services Tax - GST

[Kaustubh Karandikar]

XYZ (India) imported goods from a supplier from Russia and the goods were physically received by XYZ along with a Bill of Entry and other documents. However, due to Russia – Ukraine war, payment was not made to the foreign supplier and the amount was shown as other income in the books of accounts. Whether XYZ is required to pay GST on it?

Posts / Replies

[Amit Agrawal]

NO, in my humble view.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

[Shilpi Jain]

Writing back of creditors balance in books not liable to GST. No supply.

[Padmanathan Kollengode]

Agreed with the views of experts. No GST is payable