Q 245. What will be the legal position in regard to the reversed input tax credit if the supplier later realises the mistake and feeds the information?

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Ans. At any stage, but before September of the next financial year, supplier can upload the invoice and pay duty and interest on such missing invoices in his GSTR-3 of the month in which he uploaded the invoice. The recipient will then automatically get ITC on that invoice. The interest paid by the recipient at…

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