we would like to know as section 16 appies interest @ 18% do they allow re credit of interest also as they allow in reveresal of itc due to mismatch alsom
g with interest
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Interest paid on reversal of non payment to vendor within 180 days
Replies (1)
No Interest won't get credit, you are eligible to get ITC only which was reversed earlier due to non payment within 180 days.
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