Do I need to pay interest of 10 days? OR Reverse whole I.T.C And again pay same as outward liability with
interst as per Rule 37(3)
Reversal with interest is only required. Interest is applicable if it was utilized.
Section 16(2),Status of ITC if payment done after 190 days
santwana gautam (41 Points)
16 February 2022
CAclubindia
