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TMI BlogRule 43 (1) (h)X X X X Extracts X X X X X X X X Extracts X X X X ..... Respected experts, Please explain Rule 43(1)(h) . Does we require to pay interest every month on the revers-able ITC ? - Reply By KASTURI SETHI - The Reply = Rule 43 (1) (h) talks of tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... period . Have you gone through definition of 'tax period' ? - Reply By Rajesh Kumar - The Reply = Sir Rule 43(1)(h) states (h) the amount T e along with the applicable interest shall, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during every tax period of the useful life of the concerned capital goods, be added to the output tax liability of the person making such claim of credit. Does it mean while reversing ITC again th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e capital goods used as common u/r 43 , we also require to pay interest on sain reversal from the date ITC taken ? Here tax period is month. Please guide. - Reply By Shilpi Jain - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A view can be taken that it is not required to be paid if the reversal is done timely every month. - Rule 43 (1) (h) - Query Started By: - Rajesh Kumar Dated:- 16-5-2023 Goods and Services Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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