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TMI BlogInvoice - GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... sir. my client has sold goods to a party and we have declared the same in GSTR-1 , and now he is not paying the bill amount and my client has sued the party .my question 1. Should i pay the GST am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount on the bill raised which is disputed? 2. if i reverse the bill by credit note will it be legally tenable? 3. can i raise a credit not for GST Tax amount alone? - Reply By PAWAN KUMAR - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = dear sir, as per my view : it is better to issue credit note and adjust the credit note reducing your gst liability. - Reply By KASTURI SETHI - The Reply = I am also of the same view as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opined by Sh.Pawan Kumar Ji. - Reply By Shilpi Jain - The Reply = Bad debts cannot be a reason for issue of GST credit note as the supply has happened which triggers the levy. The department would d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ispute this. However, if the amount gets settled for a lesser amount you could issue CN considering it attracts deficiency - Reply By PAWAN KUMAR - The Reply = no department will not issue any not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice in this regard. - Reply By Ganeshan Kalyani - The Reply = I agree with the views of the expert. - Invoice - GST - Query Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 11-12-2020 Goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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