Part payments to creditors after 180
We have made payment to creditors in different years after 180 days. Then the interest shall be calculated from the date of credit taken to last payment made to creditor for the total period on full amount, (or) proportionately as per the payments made to creditor on balance amount, which one is correct ? Kindly give your advise.
(1)A registered person, who has availed of input tax credit on any inward supply of goods or
services or both, but fails to pay to the supplier thereof, the value of such supply along
with the tax payable thereon, within the time limit specified in the second proviso to sub-
section(2) of section 16, shall furnish the details of such supply, the amount of value not
paid and the amount of input tax credit availed of proportionate to such amount not paid
to the supplier in FORM GSTR-2 for the month immediately following the period of one
hundred and eighty days from the date of the issue of the invoice.