https://www.taxtmi.com/article/detailed?id=7767 The proviso requires a recipient who "fails to pay" any amount of the value of supply together with tax within the prescribed period to add an amount equal to the input tax credit availed to its output tax liability with interest; the wording contemplates partial non-payment so that reversal should be proportionate to the unpaid portion, though alternative views argue full credit should remain where supplier has remitted tax or where contractual timing makes retention not yet payable. en-us Tue, 12 Dec 2017 08:36:25 +0530 Tue, 12 Dec 2017 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7767 The proviso requires a recipient who "fails to pay" any amount of the value of supply together with tax within the prescribed period to add an amount equal to the input tax credit availed to its output tax liability with interest; the wording contemplates partial non-payment so that reversal should be proportionate to the unpaid portion, though alternative views argue full credit should remain where supplier has remitted tax or where contractual timing makes retention not yet payable. Articles Goods and Services Tax - GST Tue, 12 Dec 2017 08:36:25 +0530 https://www.taxtmi.com/article/detailed?id=7767