Can Customer Hod GST Amount And Pay Base Price
Query (Issue) Started By: – Prashanth Jadhav Dated:- 20-2-2019 Last Reply Date:- 23-2-2019 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Sirs\/Madam,
\nWe had sold IT hardware and goods in the month of March 2018.
\nThe customer has held our GST amount and paid the base price of the product.
\nInforming that I have to pass an Input Tax credit.
\nCan the customer withhold the tax for such a long time.
\nOr he should pay and then approach the National Anti profiteering Authority
\n========================================
\nI had submitted a query a few months ago and the members of the Forum were kind enough to reply.
\nID: Issue ID: 114184:
\nWe had received a Purchase Order for supply <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ty of this demand by the customer and his holding of the taxes. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e value of supply along with tax payable thereon within a period of one hundred and eighty days from the date of issue of invoice by the supplier, an amount equal to the input tax credit availed by the recipient shall be added to his output tax liability, along with interest thereon, in such manner as may be prescribed: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Can Customer Hod GST Amount And Pay Base Price Query (Issue) Started By: – Prashanth Jadhav Dated:- 20-2-2019 Last Reply Date:- 23-2-2019 Goods and Services Tax – GSTGot 4 RepliesGSTDear Sirs\/Madam, We had sold IT hardware and goods in the month of March 2018. The customer has held our GST amount and paid the base … Continue reading “Can Customer Hod GST Amount And Pay Base Price”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16896","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16896"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16896\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nOn our part since they had issued a revised PO we had purchased the goods under the GST regime for the whole chain (Supplier, Distributor and Importer)
\nPlease let us know if the customer is correct in his claim that it attracts anti profiteering clause.
\n===================================================
\nWarm regards,
\nReply By KASTURI SETHI:
\nThe Reply:
\nAs per Section 9 (1) of CGST Act, 2017 it is statutory duty of taxable person to collect GST and deposit with Govt. Tax is Govt. exchequer and cannot be withheld beyond due date. 20th of the following month is the last date to deposit and make payment into Govt. account from electronic cash ledger or credit ledger. Thereaft<\/p>\n
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\nProvided also that the recipient shall be entitled to avail of the credit of input tax on payment made by him of the amount towards the value of supply of goods or services or both along with tax payable thereon.
\nReply By KASTURI SETHI:
\nThe Reply:
\nI also concur with the views of Sh.Sharad Anada. In GST regime, noose of law does not spare defaulter recipient also.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nIn GST everything i<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n