applicability of 2nd proviso of sec 16(2)

Radhesh Bhat (11 Points)

01 September 2019  
In respect of retention money withheld from payment to a supplier as per agreement, for a period exceeding 180 days, whether ITC has to be reversed? is the view that retention has not become due for payment as per contract and hence not payable until the period specified has not crossed holds good?