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Payment After 180 Days

This query is : Resolved 
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(Querist)
26 December 2019 I Purchased Rs 118000 From a suppliar as on 15:06:2018 including Gst. Now as on 10:12:2018
I also Puchased from same Supplier of RS 59000 Including Gst but I return The goods and
Issue a Party Issue the credit note of the same as on 11:12:2019 now In accounts I adjusted
59000 debit Note against 118000 and paid Rs 59000 throw check so I doesn’t Need to reversed
any credit for non payment with in 180 days.
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
26 December 2019 You need not to reverse ITC as no amount is due for more than 180 days
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