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itc reversal after 180 days of sale.

Nilesh Jain (75 Points)

26 February 2018

i read section 16 (2) of gst act but didn't uderstand the procedure of how a supplier will gat itc reversal after not receipt of payment after 180 days?

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15 Replies

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

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sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

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sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

sudip sharma (article) (734 Points)
Replied 26 February 2018

actually recipient of goods or services will have to declare in month in which the aforesaid period of 180 expired as per rule no 37 and will have to pay interest from date of booking ITC till the date of reversal.

Nilesh Jain (75 Points)
Replied 26 February 2018

but if the buyer is not willing to pay a single rupee , that means he got goods, gst input both and i have to bear double loss of goods as well as tax?

Nilesh Jain (75 Points)
Replied 26 February 2018

but if the buyer is not willing to pay a single rupee , that means he got goods, gst input both and i have to bear double loss of goods as well as tax?

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sudip sharma (article) (734 Points)
Replied 26 February 2018

maximum thing you can do write a representation to recipient gst commissioner of his area

sudip sharma (article) (734 Points)
Replied 26 February 2018

maximum thing you can do write a representation to recipient gst commissioner of his area

sudip sharma (article) (734 Points)
Replied 26 February 2018

if u fall under Micro and small industry . you can take legal action. consult advocate for it

sudip sharma (article) (734 Points)
Replied 26 February 2018

if u fall under Micro and small industry . you can take legal action. consult advocate for it

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