Must a business pay its supplier after claiming GST input tax?
Yes. Businesses that claim GST input tax should ensure that payment is made to the supplier within the prescribed timeframe.
What happens if a supplier invoice remains unpaid for more than 12 months?
If payment to the supplier is not made within 12 months from the payment due date, the business may be required to repay the input tax previously claimed to the Comptroller of GST.
Why is supplier payment important for GST compliance?
The GST input tax claim rules require businesses to settle outstanding supplier invoices within the prescribed period to retain the input tax claim.
