Reversal of input tax credit in case of non-payment of consideration
Rule 2
Bill
Input Tax Credit
GST – Input Tax Credit – Final Draft Rules 18-5-2017
2. Reversal of input tax credit in case of non-payment of consideration
\n(1) 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 thereon within the time limit specified in the second proviso to sub-section (2) of section 16, shall furnish the details of such supply, the amount of value not paid and the amount of input tax credit availed of proportionate to such amount not paid to the supplier in FORM GSTR-2 for the month immedia<\/p>\n
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