TaxTMI 
TaxTMI 
GST on amount not paid to supplier
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....ST on amount not paid to supplier<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 30-3-2023 Last Reply Date:- 2-4-2023 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>XYZ (India) i....
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....mported 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 th....
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....e 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 e....
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....x 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 supp....
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....ly. Reply By Padmanathan Kollengode: The Reply: Agreed with the views of experts. No GST is payable<br> Discussion Forum - Knowledge Sharing ....