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ITC Reversal for Non Payment to Vendor within 180 days
Is there any tax benefits to the Vendor w.r.t ITC reversal
Replies (3)
No...
It's benefit to GSTIN...
(But, As per this rule vendor can get payment ASAP 😇😇)
It's benefit to GSTIN...
(But, As per this rule vendor can get payment ASAP 😇😇)
No point
Now Itc reversal is very clear in portel , if buyer not make payment with in 180 days, system reducing itc claimed by the buyer.besides if supplier not paid cash to the government from his part,his buyer not claim itc fully on the grounds of invoice.
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