Timing for filing Bills

[Sangeetha D]

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 they will pay. Can I wait to file this invoice in my GSTR-1 until the buyer makes the payment?

1. Is it legally permissible to delay filing the invoice in GST until payment is received?

2. What are the consequences of not filing the invoice within the prescribed time limit (30 days from the date of supply)?

3. If I file the invoice and pay GST but the buyer defaults, can I claim a refund of the GST paid?

4. What is the best way to handle this situation to remain GST-compliant while managing the risk of non-payment?

AI Summary

Delaying GST Invoice Until Payment Violates Regulations; Must File Within 30 Days of Supply. A participant in a discussion forum asked if they could delay filing a GST invoice until payment is received due to uncertainty about the buyer's payment. Respondents advised that delaying invoice filing is not compliant with GST regulations, which require filing within 30 days of supply. Non-compliance could result in interest charges and loss of Input Tax Credit (ITC) for the buyer if payment is not made within 180 days. If the buyer defaults, a refund of GST paid cannot be claimed. To manage non-payment risks, it is suggested to include suitable dispute resolution clauses in agreements.