https://www.taxtmi.com/acts?id=41157 Rule 37A requires reversal of input tax credit in FORM GSTR-3B when the supplier has furnished the invoice or debit note in FORM GSTR-1 but fails to file the corresponding FORM GSTR-3B by 30 September after the end of the financial year in which credit was availed. The recipient must reverse the credit by 30 November, failing which the amount becomes payable with interest under section 50. If the supplier later files the return, the recipient may re-avail the credit in a subsequent FORM GSTR-3B return. en-us Tue, 27 Dec 2022 16:51:09 +0530 Sat, 27 Jun 2026 13:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41157 Rule 37A requires reversal of input tax credit in FORM GSTR-3B when the supplier has furnished the invoice or debit note in FORM GSTR-1 but fails to file the corresponding FORM GSTR-3B by 30 September after the end of the financial year in which credit was availed. The recipient must reverse the credit by 30 November, failing which the amount becomes payable with interest under section 50. If the supplier later files the return, the recipient may re-avail the credit in a subsequent FORM GSTR-3B return. Act-Rules GST Tue, 27 Dec 2022 16:51:09 +0530 https://www.taxtmi.com/acts?id=41157