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credit period?
maximum no.of days of available for payment of purchase?
Replies (5)
Deepak you have 180 days for payment of any purchase otherwise you have to revers your credit claimed earlier.
there is any penalty also on this?
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.
ok thank you!!
can anyone provide hsn code of commission on sales?
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