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    Issue Relating to GST

    Posted By : Kamal / Published on : 19-Oct-2021 10:31 AM / View : 417 / Comment : 0

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    Dear Folks,

    Please let me know your views on the following facts and issues:

    A customer (business entity) had engaged vendors for purchases for which the customer has paid the vendor the payment along with GST. The vendor has not remitted the GST amount with the GST authorities. The invoices pertain to FY 2020-21 and for which the last date for filing has already elapsed. However, the customer had claimed for input credit for the said year and since the vendor had not remitted their GST with the Govt, the client is now looking at seeking for the vendor to return the GST component.

    if the Customer would directly make the payment of the GST to the government (not on behalf of the vendor but directly). The interest paid by the Customer will have to be refunded by the vendor to the Customer. In that case the GST amount of the vendor will be reversed in the books of the company. Is this feasible ?
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