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According to the GST-03 guidelines,
"Total Value of Bad Debt Relief Inclusive Tax" should state the actual total value of bad debt relief inclusive tax related to GST registered person (Debtor only).
"Total Value of Bad Debt Recovered Inclusive Tax" should state the actual total value of bad debt relief claimed and has received the payment as bad debt recovered inclusive tax related to GST registered person (Debtor only).
For example,
Let’s said in April 2015, I have one of the invoice (IV-00001) and the details are below:
detail 1 : 1000, SR = 60.00, amt= 1060.00
detail 2 : 1000, ZRL = 0.00, amt = 1000.00
Total value of IV-0001 = 2060.00
CASE 1 :
No full payment, after 6 months process GST returns,
GST-03 item 17 Total Value of Bad Debt Relief Inclusive Tax = 1060.00
CASE 2 :
Part payment received = 500. After 6 months process GST Returns,
IV-0001 Outstanding = 2060 - 500 = 1560.00
Bad Debt Relief Claimed = (1560/2060) x 60.00 = 45.44 (6b)
GST-03 item 17 Total Value of Bad Debt Relief Inclusive Tax = 45.44 x (106/6)
= 802.77
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Item 17 & 18 need to report total value of bad debt relief/recovered inclusive tax related to Debtors (AR) only.
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