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Rule 37 of CGST/SGST Rules: ITC Reversal on Non-Payment Within 180 Days

This query is : Resolved 
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(Querist)
01 July 2025 Dear All,

Mr. A purchases goods from Mr. B and also sale goods to Mr. B

Mr. A pay to Mr. B after adjusting sale amount against purchase consideration.

Can Mr. A take Input tax credit of purchase made from Mr. B. (i.e. without actual payment of full consideration) in such case?

Do Mr. A has to maintain and settle purchase account separately from sale account to claim input tax credit?

Thanks & Regards
Nirmal Dave
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 July 2025 1. Yes.
2. Yes, both to be maintained separately. Only the payment gets adjusted.
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
02 July 2025 Thank You Sir for your valuable reply.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 July 2025 You are welcome.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 September 2025 Good luck..
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