https://www.taxtmi.com/forum/issue?id=119414 Interest liability on availed input tax credit arises when payment to the supplier is not made within the prescribed period; a show cause notice may be issued in the financial year in which that period expires. Interest is regarded as accruing from the invoice date until full payment including tax is made, and demands may continue until full settlement of the supplier liability. en-us Tue, 19 Nov 2024 17:13:04 +0530 Fri, 24 Jan 2025 10:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119414 Interest liability on availed input tax credit arises when payment to the supplier is not made within the prescribed period; a show cause notice may be issued in the financial year in which that period expires. Interest is regarded as accruing from the invoice date until full payment including tax is made, and demands may continue until full settlement of the supplier liability. Discussion-Forum GST Tue, 19 Nov 2024 17:13:04 +0530 https://www.taxtmi.com/forum/issue?id=119414