Redraft rule 2 of GST ITC Rule – Reversal of credit on non-payment of consideration – ICAI – GST Rules Issue 17
Reversal of credit due to non-payment of consideration Rule 2 of draft GST ITC Rules provides that a registered person, who has availed of input tax credit on any inward supply of goods or services or both, but fails to pay to the supplier thereof the value of such supply along with the tax payable… Read More »