Information Regarding Rule 37

Manjiri (GST Practitioner) (38 Points)

17 June 2024  

Dear All,

I have few queries about Rule 37 under CGST Act, specifically on non payment of invoices under 180 Days.

1. Since when this rule is applicable? 

2. If invoice amount is paid after 180 days and ITC is not reversed how much interest and penalty is liable?

3. If part payment is done before 180 days, which is more than the ITC amount can we say that tax payment has been done to the supplier.

Note: in all cases supplier has filed GSTR3B in all months on timely basis and on confirmation in GSTR 2B only ITC has been claimed.

Looking forward for experts comments and Suggestions.



Manjiri Jadhav