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Payment to creditor within 180 days

surya (junior accountant) (11 Points)

06 April 2018

do i need to pay within 180 days to creditor to get gst credit?

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4 Replies

CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 06 April 2018

YES HAVE TO PAY WITHIN 180 DAYS

OTHERWISE HAVE TO REVERSE THE ITC AVAILED

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P.Venkata Rishvitha (Article student) (31 Points)
Replied 06 April 2018

u can take credit now but if u hadn't paid the amount to the creditor within 180 days the input credit taken will be added to the output liability of the month of expiration of such 180 days.

(Guest)

Yes i agree with the above views and whenever you will make payment to the supplier you will be eligible to re-avail the credit which was reversed earlier.