sir i have one query regarding ITC claimed in F Y 2018.19 in this i have not paid the amount to my supplier since 1 year is thear any rule that i have to revise my ITC if any section is thear plz clarify with the rules
If the amount of supply on which ITC is claimed is not paid with in 6 months from date of purchase it shall be reversed immidiatly. it automatically get disallowed under the act itself.
CAclubindia
