https://www.taxtmi.com/forum/issue?id=117477 Interest on input tax credit where supplier payment is not made within the prescribed period is applied from the date of availment of the credit, understood as the date the credit is claimed in the taxpayer's returns; reporting and adding such ITC to output liability is governed by the rules' disclosure mechanism, and current practice forces reliance on GSTR-3B and the electronic credit ledger despite gaps in prescribed procedures. en-us Mon, 06 Sep 2021 17:51:40 +0530 Thu, 23 Jan 2025 15:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117477 Interest on input tax credit where supplier payment is not made within the prescribed period is applied from the date of availment of the credit, understood as the date the credit is claimed in the taxpayer's returns; reporting and adding such ITC to output liability is governed by the rules' disclosure mechanism, and current practice forces reliance on GSTR-3B and the electronic credit ledger despite gaps in prescribed procedures. Discussion-Forum GST Mon, 06 Sep 2021 17:51:40 +0530 https://www.taxtmi.com/forum/issue?id=117477