Bad Debt Relief
Below is the latest news from RMCD :
RMCD have indicated that Bad Debt relief can only be claimed through the final GST-03 Return, and this would still be subject to the fulfillment of all the conditions under Bad Debt Relief as stipulated under section 58(1) of the GST Act 2018 (which has since been repealed). If the Bad Debt has been recovered on or after 1 September 2018, then the recovery must be paid to the RMCD by amending the final GST-03 return for the last taxable period as per Sec. 4(1)(b) Goods and Services Tax (Repeal) Act 2018). RMCD has indicated that the Tax Access Portal would
remain open for the amendment to be made, although for how long remains uncertain.