Payment not made within 180 days

Jatin (Accountant) (3479 Points)

16 October 2018  
How to show reverse ITC in GSTR 3B return due to payment not made within 180 days.

How to calculate Interest for reversal of ITC

If ITC of Rs. 1000 reversed on 18.01.2018, Interest on reversal is 18% p.a. from date of invoice ? ?