GST REVERSAL ON ABOVE 180 DAYS
This query is : Resolved
20 December 2022
Dear sir,
If suppler agreed above 180 days payment as per purchase order, in this case also we need to reverse ITC and we have to pay interest na?
Please clarify
If suppler agreed above 180 days payment as per purchase order, in this case also we need to reverse ITC and we have to pay interest na?
Please clarify
21 December 2022
Yes, reversal and interest applicable.
21 December 2022
suppler agreed buyer pay term in order to purchase order after completion of installation of machinary ,it will take 250 days after that only buyer made payment to supplier. This case also we need to reverse na?
21 December 2022
Yes in such a case also reversal required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
