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credit period?

ITC / Input 112 views 5 replies
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7 Points Posted on 21 January 2018
maximum no.of days of available for payment of purchase?
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On 21 January 2018 at 23:28 Report
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Chartered Accountant
88 Points Posted on 21 January 2018
Deepak you have 180 days for payment of any purchase otherwise you have to revers your credit claimed earlier.
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On 21 January 2018 at 23:41
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7 Points Posted on 22 January 2018
there is any penalty also on this?
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On 22 January 2018 at 09:13
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Chartered Accountant
88 Points Posted on 22 January 2018
No there is no penalty but you have to reverse your ITC by adding in the output tax liablity and same shall be paid with interest.
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On 22 January 2018 at 12:58
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7 Points Posted on 22 January 2018
ok thank you!!
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On 22 January 2018 at 13:04
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7 Points Posted on 22 January 2018
can anyone provide hsn code of commission on sales?
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On 22 January 2018 at 19:31


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