GST on amount not paid to supplier

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..... GST on amount not paid to supplier
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 30-3-2023 Last Reply Date:- 2-4-2023 Goods and Services Tax - GST
Got 3 Replies
GST
XYZ (India) .....

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..... 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 t .....

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..... he foreign supplier and the amount was shown as other income in the books of accounts. Whether XYZ is required to pay GST on it? Reply By Amit Agrawal: The Reply: NO, in my humble view. These are .....

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..... ex facie views of mine and the same should not be construed as professional advice / suggestion. Reply By Shilpi Jain: The Reply: Writing back of creditors balance in books not liable to GST. No sup .....

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..... ply. Reply By Padmanathan Kollengode: The Reply: Agreed with the views of experts. No GST is payable
Discussion Forum - Knowledge Sharing .....

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