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Supplier insolvent through NCLT and not paid gst, Goods and Services Tax - GST |
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Supplier insolvent through NCLT and not paid gst |
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My firm have purchased material from Birla tyres, Balasore in 2020_2021.Birla tyres does not filed GSTR 3 b for the same. In 2022 case was filed in NCLT for insolvency against Birla tyres. NCLT declares birla tyres as insolvent in 2023.Our advance payment was also stuck with the company. Now GST department is demanding reversal of ITC for the material which we have purchased. Kindly advice how to get out of this.
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