https://www.taxtmi.com/forum/issue?id=115344 Where a recipient fails to pay the supplier the value of supply along with tax within the prescribed period from invoice issue, an amount equal to the input tax credit availed must be added to output tax liability with interest. Partial payment results in proportionate reversal of ITC. The provision applies to both goods and services and the prescribed period is calculated with reference to the time of supply. en-us Tue, 20 Aug 2019 17:08:56 +0530 Thu, 23 Jan 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115344 Where a recipient fails to pay the supplier the value of supply along with tax within the prescribed period from invoice issue, an amount equal to the input tax credit availed must be added to output tax liability with interest. Partial payment results in proportionate reversal of ITC. The provision applies to both goods and services and the prescribed period is calculated with reference to the time of supply. Discussion-Forum GST Tue, 20 Aug 2019 17:08:56 +0530 https://www.taxtmi.com/forum/issue?id=115344