Input tax credit reversal under GST applies when supplier return filing is delayed, with later re-availment permitted. Rule 37A requires reversal of input tax credit in FORM GSTR-3B when the supplier has furnished the invoice or debit note in FORM GSTR-1 but fails to file the corresponding FORM GSTR-3B by 30 September after the end of the financial year in which credit was availed. The recipient must reverse the credit by 30 November, failing which the amount becomes payable with interest under section 50. If the supplier later files the return, the recipient may re-avail the credit in a subsequent FORM GSTR-3B return.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit reversal under GST applies when supplier return filing is delayed, with later re-availment permitted.
Rule 37A requires reversal of input tax credit in FORM GSTR-3B when the supplier has furnished the invoice or debit note in FORM GSTR-1 but fails to file the corresponding FORM GSTR-3B by 30 September after the end of the financial year in which credit was availed. The recipient must reverse the credit by 30 November, failing which the amount becomes payable with interest under section 50. If the supplier later files the return, the recipient may re-avail the credit in a subsequent FORM GSTR-3B return.
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