Business Credit Defaulter Buyer's Bad Debt or Overdue Details: Expose on India's Platform

The method of reporting a defaulter is very easy for all the Debt Guru registered members. 1. First, download and register your business via GST and submit an OTP for virification. 2. Search buyers via GST or PAN and add them as buyers. If any buyers are not paying you the outstanding amount, then you can generate the invoice and report that invoice as bad debt, or the user can set bill days for overdue. 3. The user can check buyers reported business credit information like overdue, bad debt, and settled invoices in business.  By reporting a defaulter, MSMEs and businesses not only help themselves, as the settlement option is available on the Debt Guru portal, but also make sure that others do not fall into the trap of habitual credit defaulters. The reported defaulter will be exposed all over India, as the Credit Information Report and Credit Defaulters list will be available to all the members across India.

Who can report a business credit defaulter, and how can it be done?

Businesses or MSMEs who have a valid GST registration number and are registered as members of Debt Guru can report a credit defaulter. Then, it is 100% checked and verified by Debt Guru’s automated app, so members can rest assured that the defaulter list and information on the Debt Guru portal are from verified and genuine sellers. The process of reporting a defaulter is very easy and absolutely free for all the registered members. The registered members need to fill in all the required fields on the portal under the Report Defaulter section, and that's done.

What information is needed to report a defaulter?

Debt Guru doesn't require any documents. It's automated for GST-registered businesses or service providers. They can easily register with Debt Guru and search for buyers using their GST or PAN numbers. Once found, they can add them as buyers, create pending or overdue bills, and mark them as bad debt. Debt Guru is exclusively a platform for B2B and credit-selling businesses and is not responsible for any actions taken. However, we advise business owners to add bad debt invoices only if they have proper documents, as buyers can also file cases against sellers for such actions.

How do defaulters get notifications for this action, and how does it work?

Before a seller exposes any buyer as a defaulter on the platform, the app will present them with terms and conditions in both Hindi and English. If the seller agrees to these conditions, the portal will then send an OTP to the mobile number registered with the GST certificate. After verifying the OTP, the portal will prompt the seller to provide any court case number if they have filed a case against the buyer. Following this, the portal will request that the seller add the WhatsApp number of the buyer. This enables the portal to send notifications to the buyer regarding the action taken by the seller. In this notification, the buyer will receive all necessary details about the seller, including the outstanding amount and other relevant information. If the buyer receives any incorrect information regarding the outstanding amount or believes they have been wrongly marked as a defaulter, they have the option to file a case against the seller. This ensures transparency and accountability in the process of marking buyers as defaulters on the platform. Following this, the portal will request the seller to add the WhatsApp number of the buyer. This enables the portal to send notifications to the buyer regarding the action taken by the seller. In this notification, the buyer will receive all necessary details about the seller, including the outstanding amount and other relevant information. If the buyer receives any incorrect information regarding the outstanding amount or believes they have been wrongly marked as a defaulter, they have the option to file a case against the seller. This ensures transparency and accountability in the process of marking buyers as defaulters on the platform.

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