https://www.taxtmi.com/article/detailed?id=9366 ITC must be reversed proportionately where payment to the supplier for a taxable invoice remains unpaid beyond the prescribed period, with interest payable from the invoice date until reversal; discounts reduce taxable value and ITC only if documented as required, otherwise the recipient remains liable for reversal, and reclaimed credit on later payment may be constrained by return-reconciliation and supplier-upload limits. en-us Tue, 21 Jul 2020 08:05:32 +0530 Tue, 21 Jul 2020 08:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9366 ITC must be reversed proportionately where payment to the supplier for a taxable invoice remains unpaid beyond the prescribed period, with interest payable from the invoice date until reversal; discounts reduce taxable value and ITC only if documented as required, otherwise the recipient remains liable for reversal, and reclaimed credit on later payment may be constrained by return-reconciliation and supplier-upload limits. Articles Goods and Services Tax - GST Tue, 21 Jul 2020 08:05:32 +0530 https://www.taxtmi.com/article/detailed?id=9366