alleryStart learning →If the supplier is not paid within this period from invoice date, ITC availed must be reversed with interest
A60 days
B90 days
C180 days
D365 days
Answer & Solution
Correct answer: C. 180 days
The second proviso to section 16(2) requires adding the ITC to output liability if value plus tax is unpaid within one hundred and eighty days.
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