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?
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?
CAclubindia
