Menu
itc reversal after 180 days of sale.
i read section 16 (2) of gst act but didn't uderstand the procedure of how a supplier will gat itc reversal after not receipt of payment after 180 days?
Replies (15)
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.
but if the buyer is not willing to pay a single rupee , that means he got goods, gst input both and i have to bear double loss of goods as well as tax?
but if the buyer is not willing to pay a single rupee , that means he got goods, gst input both and i have to bear double loss of goods as well as tax?
maximum thing you can do write a representation to recipient gst commissioner of his area
maximum thing you can do write a representation to recipient gst commissioner of his area
if u fall under Micro and small industry . you can take legal action. consult advocate for it
if u fall under Micro and small industry . you can take legal action. consult advocate for it
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
