GST: reverse input tax credit if supplier fails to file outward supplies; re availment allowed after supplier compliance. Where input tax credit claimed in FORM GSTR 3B corresponds to invoices or debit notes not reflected by the supplier in FORM GSTR 1 or the invoice furnishing facility by 30 September following the end of the financial year in which the credit was availed, the registered recipient must reverse that amount in FORM GSTR 3B on or before 30 November following that financial year; failure to reverse makes the amount payable with interest under section 50, and the recipient may re avail the credit if the supplier subsequently furnishes the statement.
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.
GST: reverse input tax credit if supplier fails to file outward supplies; re availment allowed after supplier compliance.
Where input tax credit claimed in FORM GSTR 3B corresponds to invoices or debit notes not reflected by the supplier in FORM GSTR 1 or the invoice furnishing facility by 30 September following the end of the financial year in which the credit was availed, the registered recipient must reverse that amount in FORM GSTR 3B on or before 30 November following that financial year; failure to reverse makes the amount payable with interest under section 50, and the recipient may re avail the credit if the supplier subsequently furnishes the statement.
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