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GST - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Input tax credit (ITC) - Section 16 of the CGST ACT, 2017 as ...

GST

September 3, 2018

Input tax credit (ITC) - Section 16 of the CGST ACT, 2017 as amended - Reversal of credit after 180 days if not paid - Since upon payment of the due amount to the supplier, the recipient shall be eligible to avail ITC of the said amount, it is believed that liability to pay interest is too onerous and should be removed.

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