REVERSE CREDIT

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.