Rule 37 - Reversal of input tax credit in the case of non-payment of consideration.

37. 2[(1) A registered person, who has availed of input tax credit on any inward supply of goods or services or both, other than the supplies on which tax is payable on reverse charge basis, but fails to pay to the supplier thereof, the amount towards the value of such supply 4[, whether wholly or partly,] along with the tax payable thereon, within the time limit specified in the second pr

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6 Notifications/Circulars on Rule 37

11 case laws on Rule 37