Timing for filing Bills

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Timing for filing Bills
Query (Issue) Started By: - Sangeetha D Dated:- 21-3-2025 Last Reply Date:- 23-3-2025 Goods and Services Tax - GST
Got 4 Replies
GST
If a buyer is doubtful about paying the bill amount, can I delay filing their invoice in GST until they make the payment? I have supplied goods/services to a buyer and raised an invoice, but there is uncertainty about whether the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y will pay. Can I wait to file this invoice in my GSTR-1 until the buyer makes the payment? * Is it legally permissible to delay filing the invoice in GST until payment is received? * What are the consequences of not filing the invoice within the prescribed time limit (30 days from the date of supply)? * If I file the invoice and pay GST but the buyer defaults, can I claim a refund of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the GST paid? * What is the best way to handle this situation to remain GST-compliant while managing the risk of non-payment? Reply By Sadanand Bulbule: The Reply: Non compliance of the provisions of GST Act by the supplier to twist the arms of the recipient in case of likely delayed payments is not permitted nor it is in good taste. You are the loser. In terms of Section 16[2]d], if the rec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ipient fails to pay the consideration within 180 days from the date of tax invoice,he is not entitled to claim ITC and he would face the consequences. Be compliant to help yourself. Reply By Shilpi Jain: The Reply: So are you stating that you will not generate the e-invoice also? If you do not disclose in GSTR-1 then you are effectively delaying the payment of taxed which would lead to interest .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on delayed payment of tax @ 18% p.a. If you are ok for this you can proceed. Reply By Shilpi Jain: The Reply: If you declare in your returns and buyer defaults - refund cannot be applied for this reason. managing risk of non-payment requires suitable clauses of dispute settlement, etc. in your agreement itself. Cannot be effectively managed with the GST aspects. Reply By KASTURI SETHI: The R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eply: In the absence of ''consideration", the transaction will not constitute a supply, it being out of the scope of supply as laid down in Section 7(1) (a) of CGST Act except the activities covered in Schedule-I.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X