TaxTMI 
TaxTMI 
Hi
I have claimed ITC of ₹ 18,000/- in the month of March,2019 but supplier payment has done on March, 2020. According to provision i have to reverse the ITC within 180 days but i couldn't do as so. I have file my 3B Return till Jan,2020 with no reversal of such ITC which has claimed.
Please suggest the action should be taken now for above default.
Thanks
Reversal of ITC
09 May 2020 
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Reversal of Input Tax Credit: reverse ITC in the return and pay interest for period of non payment.
If a recipient fails to pay the supplier within the prescribed period after availing ITC, the recipient must add an amount equal to that ITC to output tax liability and reverse it in the return, and pay interest from the date the credit was taken until the date of reversal. The practical step is to reverse the ITC in the next return and discharge interest for the period of non-payment; commentators note that where payment was later made, only interest is typically required. (AI Summary)
If a recipient fails to pay the supplier within the prescribed period after availing ITC, the recipient must add an amount equal to that ITC to output tax liability and reverse it in the return, and pay interest from the date the credit was taken until the date of reversal. The practical step is to reverse the ITC in the next return and discharge interest for the period of non-payment; commentators note that where payment was later made, only interest is typically required. (AI Summary)