do i need to pay within 180 days to creditor to get gst credit?
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Payment to creditor within 180 days
Replies (4)
YES HAVE TO PAY WITHIN 180 DAYS
OTHERWISE HAVE TO REVERSE THE ITC AVAILED
u can take credit now but if u hadn't paid the amount to the creditor within 180 days the input credit taken will be added to the output liability of the month of expiration of such 180 days.
Yes i agree with the above views and whenever you will make payment to the supplier you will be eligible to re-avail the credit which was reversed earlier.
but which section and rule applicable it is compalsary or what.?
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