Can Tax be deemed to have been paid in time once interest is paid for delayed payment

Can Tax be deemed to have been paid in time once interest is paid for delayed payment https://www.taxtmi.com/forum/issue?id=117788 Whether tax can be treated as paid in time for input tax credit is contested: some treat supplier payment and return disclosure as post-facto conditions that can regularise earlier credit; others hold that paying interest does not make the tax payment timely. Practically, credit becomes claimable only when the supplier actually pays the tax to the government and the transaction appears in the recipient's purchase-side returns. en-us Sat, 29 Jan 2022 18:36:53 +0530 Thu, 23 Jan 2025 15:54:23 +0530 TaxTMI RSS Generator Can Tax be deemed to have been paid in time once interest is paid for delayed payment https://www.taxtmi.com/forum/issue?id=117788 Whether tax can be treated as paid in time for input tax credit is contested: some treat supplier payment and return disclosure as post-facto conditions that can regularise earlier credit; others hold that paying interest does not make the tax payment timely. Practically, credit becomes claimable only when the supplier actually pays the tax to the government and the transaction appears in the recipient's purchase-side returns. Discussion-Forum GST Sat, 29 Jan 2022 18:36:53 +0530 https://www.taxtmi.com/forum/issue?id=117788