ITC Reversal delayed payment.

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We purchased machinery from Germany on FY 19-20 25 Sept 2019 from an import supplier & same year taken IGST Amount Rs.4800000 benefit but payment made to supplier in FY 19-20 Sept 2019 40% Oct 21 30% Oct 22 30% as per PO terms.

in that case can we pay interest on the GST amount under late payment to Govt.(over 180 Days)
Replies (2)
Both parties agreed for Payment Terms before the transaction happened.


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