Reversal of input tax credit in the case of non-payment of consideration

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....e on reverse charge basis, but fails to pay to the supplier thereof, the amount towards the value of such supply 4[, whether wholly or partly,] along with the tax payable thereon, within the time limit specified in the second proviso to sub-section(2) of section 16, shall pay 5[or reverse] an amount equal to the input tax credit availed in respect of such supply 6[, proportionate to the amount not....

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....he amount towards the value of such supply along with tax payable thereon to the supplier thereof, he shall be entitled to re-avail the input tax credit referred to in sub-rule (1).] 3[****] (4) The time limit specified in sub-section (4) of section 16 shall not apply to a claim for reavailing of any credit, in accordance with the provisions of the Act or the provisions of this Chapter, that had....

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....d eighty days from the date of the issue of the invoice: Provided that the value of supplies made without consideration as specified in Schedule I of the said Act shall be deemed to have been paid for the purposes of the second proviso to sub-section (2) of section 16. 1[Provided further that the value of supplies on account of any amount added in accordance with the provisions of clause (b) o....