Input Tax Credit Reversal Exemption for Recipient Payments on Supplier's Behalf Clarified in GST Section 37 Amendment.

Input Tax Credit Reversal Exemption for Recipient Payments on Supplier's Behalf Clarified in GST Section 37 Amendment. https://www.taxtmi.com/highlights?id=39898 Reversal of input tax credit (ITC) in the case of non-payment of consideration - The amount which has been paid by the recipient on behalf of the supplier [in accordance with section 15(2)(b)] shall not be considered for reversal of ITC u/s 37 - GST Rule as amended. en-us Thu, 14 Jun 2018 15:56:36 +0530 Thu, 14 Jun 2018 15:59:09 +0530 TaxTMI RSS Generator Input Tax Credit Reversal Exemption for Recipient Payments on Supplier's Behalf Clarified in GST Section 37 Amendment. https://www.taxtmi.com/highlights?id=39898 Reversal of input tax credit (ITC) in the case of non-payment of consideration - The amount which has been paid by the recipient on behalf of the supplier [in accordance with section 15(2)(b)] shall not be considered for reversal of ITC u/s 37 - GST Rule as amended. Highlights GST Thu, 14 Jun 2018 15:56:36 +0530 https://www.taxtmi.com/highlights?id=39898