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reversal of input
I HAD SUPPLIED GOODS TO MY PARTY BUT HAVE NOT RECEIVED THE PAYMENT SINCE 300 DAYS ...HOW SHALL I REVERSE THE INPUT ... THE QUESTION IS WHO SHALL REVERSE THE INPUT THE SUPPLIER OR THE RECEPIENT ...PLEASE ELABORATE
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As per Rule 37, Its recepient who has not paid to supplier for the bill, remain pending more then 180days have to reverse the ITC , with interest 18% .
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