https://www.taxtmi.com/forum/issue?id=117406 Where full consideration is unpaid beyond the statutory period, the input tax credit attributable to the unpaid portion should be proportionately reversed; contributors disagree whether payment of the tax component alone allows full credit, but the conservative compliance position is to reverse the proportionate ITC attributable to the unpaid consideration and account for any interest liability. en-us Thu, 05 Aug 2021 16:03:14 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117406 Where full consideration is unpaid beyond the statutory period, the input tax credit attributable to the unpaid portion should be proportionately reversed; contributors disagree whether payment of the tax component alone allows full credit, but the conservative compliance position is to reverse the proportionate ITC attributable to the unpaid consideration and account for any interest liability. Discussion-Forum GST Thu, 05 Aug 2021 16:03:14 +0530 https://www.taxtmi.com/forum/issue?id=117406