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GST on amount not paid to supplier, Goods and Services Tax - GST

Issue Id: - 118452
Dated: 30-3-2023
By:- Kaustubh Karandikar
GST on amount not paid to supplier

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XYZ (India) imported 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 the foreign supplier and the amount was shown as other income in the books of accounts. Whether XYZ is required to pay GST on it?

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Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1

1 Dated: 31-3-2023
By:- Amit Agrawal

NO, in my humble view.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

2 Dated: 1-4-2023
By:- Shilpi Jain

Writing back of creditors balance in books not liable to GST. No supply.

3 Dated: 2-4-2023
By:- Padmanathan Kollengode

Agreed with the views of experts. No GST is payable

Page: 1

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