Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
+ Post a Query
Post a New Query
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 117420
- 0 -

Supplier has reversed the ITC of invoice after receiving payment.

Date 12 Aug 2021
Replies3 Answers
Views 1697 Views
Asked By

One of my supplier supplied a material in June, 2021 for which total payment was made within 3 days. The supplier duly uploaded the invoice in June, 21 GSTR-1 & ITC was duly availed in our June GSTR-2A. Only one invoice transaction took place with him. In july, 2021 when we were matching our GSTR-2A, we were shocked that he has reversed ITC vide Credit Note although no Credit Note was given to us & no eway bill is there against that credit Note. He has not even filed GSTR-3B for month of June, 2021. This seems to be a fraud on us. Now what is the remedy available to us. Whether any criminal complaint can be filed against him so as to set an example for others. Kindly advise.

3 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on Aug 12, 2021
1.

You want to teach a lesson to your supplier with an intent to set an example for others. In my view, try to resolve the dispute amicably. If you resort to police action against the supplier, you will lose more money, time and energy. You will earn tension. Peace of mind is more important than teaching a lesson any person.

In future, select your supplier carefully. This is right approach.

- 0
Replied on Aug 12, 2021
2.

Have u cross checked first with the supplier why a credit note is shown in ur GSTR-2A. This is just to ensure that no error has happened at his end while filing returns.

If no proper response from him consider writing to his and your jurisdiction officer regarding the details of this. This is to ensure that the dept gets a chance to follow up with vendor before asking u to reverse credit. This will also be a good defense for u.

- 0
Replied on Aug 13, 2021
3.

It is a dispute between the seller and buyer. The department will intervene/reacts only if the supplier has evaded GST and any person lodges a complaint with the department with documentary evidence against the evader.

Old Query - New Comments are closed.

Hide
Recent Issues