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GET INPUT REVERSAL DUE TO NON PAYMENT
PLEASE CLARIFY... WE HAD AVAILED FEW SERVICES ON 1ST JULY AND WE HAVE NOT YET PAY ANY AMOUNT FOR SUCH SERVICES. IF WE PAY ONLY 50% AMOUNT TILL DECEMBER (I.E. 180 DAYS) SO OUR WHOLE INPUT GST WILL BE REVERSE OR IT WILL BE PROPORTIONATE REVERSAL.
Replies (2)
easy way is First reverse fully and when you pay remaining 50% then take full credit again
as per section 16(2) of CGST Act, we can't take PROPORTIONATE input credit. right?
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