https://www.taxtmi.com/notifications?id=139375 Rule 37 is revised to require a registered person who availed input tax credit on inward supplies (other than reverse charge supplies) but fails to pay the supplier the value and tax within the time limit under the second proviso to section 16 to pay an amount equal to the input tax credit availed, along with interest under section 50, in FORM GSTR 3B for the tax period immediately following 180 days from invoice issue; if the person subsequently pays the value and tax to the supplier, the reversed input tax credit may be re availed. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 07 Nov 2022 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139375 Rule 37 is revised to require a registered person who availed input tax credit on inward supplies (other than reverse charge supplies) but fails to pay the supplier the value and tax within the time limit under the second proviso to section 16 to pay an amount equal to the input tax credit availed, along with interest under section 50, in FORM GSTR 3B for the tax period immediately following 180 days from invoice issue; if the person subsequently pays the value and tax to the supplier, the reversed input tax credit may be re availed. Notifications GST - States Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139375