https://www.taxtmi.com/forum/issue?id=116582 If the invoiced amount is not paid within 180 days from the date of invoice, the Input Tax Credit availed must be added back to output liability and paid with interest. ITC must be claimed within one year from invoice date or before the due date of filing the purchaser's GSTR 3B for the month of September following the financial year; it cannot be claimed after the extended period. Contractual payment terms should align with these GST timing rules; a practical approach is to reverse and later re avail ITC on payment, though interest disputes may arise. en-us Tue, 28 Jul 2020 14:36:05 +0530 Thu, 23 Jan 2025 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116582 If the invoiced amount is not paid within 180 days from the date of invoice, the Input Tax Credit availed must be added back to output liability and paid with interest. ITC must be claimed within one year from invoice date or before the due date of filing the purchaser's GSTR 3B for the month of September following the financial year; it cannot be claimed after the extended period. Contractual payment terms should align with these GST timing rules; a practical approach is to reverse and later re avail ITC on payment, though interest disputes may arise. Discussion-Forum GST Tue, 28 Jul 2020 14:36:05 +0530 https://www.taxtmi.com/forum/issue?id=116582