What are the Implications on ITC on account of non payment to supplier within 180 days

nikhil anand , Last updated: 20 April 2020  
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The second proviso to section 16(2) of the CGST Act provides that where the amount towards value of supply along with tax payable thereon is not paid to the supplier within 180 days from the date of issue of invoice, an amount equivalent to input tax credit availed shall be reversed in manner prescr

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nikhil anand
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Category GST   Report

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