Interest on reversal of input GST after 180 Days
This query is : Resolved
14 September 2019
we are infrastructure company.We have un-utilized GST input (ITC) with us and there is no Set off made against this any output liability becoz there in no Output GST liability.
Now we have not paid Some of suppliers for more than 180 Days
will there be any interest on reversal of input GST on non payment to supplier after180 Days?? because we have not used the ITC why there should be interest ??
Now we have not paid Some of suppliers for more than 180 Days
will there be any interest on reversal of input GST on non payment to supplier after180 Days?? because we have not used the ITC why there should be interest ??
15 September 2019
you should have to reverse the ITC on that.
i do not think you should have to pay for interest.
wait for the any demand from the GST Dept.
i do not think you should have to pay for interest.
wait for the any demand from the GST Dept.
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