Gst itc reversal on non payment to the supplier in 180 days

saurav chhabra (BUSINESS) (114 Points)

17 August 2018  

WHAT DO WE INFER FROM THE BELOW STATEMENT WHICH IS SHOWN UNDER comparative-summary-of-key-21-gst-amendments-as-passed-by-lok-sabha IN AUG 2018.

B. Proposal to delete interest applicability when GST ITC is reversed for non-payment of invoice amount after 6 months from date of invoice does not find place in the CGST Amendment Bill.