https://www.taxtmi.com/acts?id=28357 Rule 37 requires reversal of input tax credit where a registered person who availed ITC on inward supplies (other than reverse charge supplies) fails to pay the supplier the consideration within the prescribed time limit; the person must reverse an amount equal to the ITC availed, proportionate to unpaid value, and pay interest while furnishing FORM GSTR-3B for the tax period following the specified period from invoice issue, with re availment permitted on subsequent payment and certain supplies deemed paid for the time limit purpose. en-us Thu, 29 Jun 2017 10:31:27 +0530 Tue, 14 Oct 2025 16:23:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28357 Rule 37 requires reversal of input tax credit where a registered person who availed ITC on inward supplies (other than reverse charge supplies) fails to pay the supplier the consideration within the prescribed time limit; the person must reverse an amount equal to the ITC availed, proportionate to unpaid value, and pay interest while furnishing FORM GSTR-3B for the tax period following the specified period from invoice issue, with re availment permitted on subsequent payment and certain supplies deemed paid for the time limit purpose. Act-Rules GST Thu, 29 Jun 2017 10:31:27 +0530 https://www.taxtmi.com/acts?id=28357