Double whammy for service companies: Required to pay GST on defaults, bad debts

Under the current GST framework, there is no provision to allow adjustments of GST paid on supplies for which recoveries are not made. Companies have to pay GST when they raise the invoice or generate the bill, which often is at least a month or two before the customer pays the money.

from Economy-News-Economic Times https://ift.tt/3dzdpcX