REVERSE CREDIT

Sir
gstr1
sales customer payment more than 180 days how reverse the gst amout
Replies (5)
if you fail to pay the invoice amount to supplier within 180 days then itc has to be reversed as per rule 37(2)
good clarification and information
Respected Subhagan Sreerangam Sir,

It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..

Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.

I have no intention to hurt you Sir..

Thank You.

Warm Regards.
As.per Rule 37(2) reversed the ITC to fail to pay the invoice Value to Supplier within 180d days.
You have to reverse the ITC if payment is not made to the supplier within 180 days.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details