Input tax credit in gst

CA Amrita Chattopadhyay (Audit & Assurance) (13029 Points)

21 March 2017  

Request your guidance with regard to the following query: Reference: Chapter V Input tax credit; Section 16 (e) of GST Law (Revised)

If payment is not made to the supplier within 90 days, I understand that input credit will get reversed. Now, the question is if it applies to sale of goods also or it is restricted to services.

Hence, request your opinion on this