Payment to creditor within 180 days

ITC / Input 537 views 4 replies

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

 

Replies (4)

YES HAVE TO PAY WITHIN 180 DAYS 

OTHERWISE HAVE TO REVERSE THE ITC AVAILED 

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.

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.

but which section and rule applicable it is compalsary or what.?


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