Easy Office

pdf

ITC Reversal if recipient fails to pay to the Supplier

  Download   Preview

In GST Law provision has been made for reversal of ITC where payment to vendor is not made in 180 days. Below is the clarification with example on the relevant provision:- ITC availed will be reversed in case of non-payment of consideration within 180 days from the date of Issue Invoice and shall be added to output tax liability along with Interest @ 18% p.a. Interest Computation will be done from the date of credit availed and up-to the date of Reversal. #pdf
CA. Hitesh Aggarwal

on 25 April 2019

Other files by the user
549 times
230 KB
Rating: Total votes : 25

Download Other files in GST category


Share Report



Comments

CAclubindia's WhatsApp Groups Link


Trending Downloads

view more



Easy Office

Trending Online Classes

view all classess
CCI Pro

Popular Files


  1. Tax Connect (With GST) - 449th Issue