Rule 43 (1) (h)

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..... Rule 43 (1) (h)
Query (Issue) Started By: - Rajesh Kumar Dated:- 16-5-2023 Last Reply Date:- 20-5-2023 Goods and Services Tax - GST
Got 3 Replies
GST
Respected experts, Please explain Ru .....

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..... le 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 period. Have you gone through definition of 'ta .....

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..... x period' ? Reply By Rajesh Kumar: The Reply: Sir Rule 43(1)(h) states (h) the amount Te along with the applicable interest shall, during every tax period of the useful life of the concerned ca .....

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..... pital goods, be added to the output tax liability of the person making such claim of credit. Does it mean while reversing ITC again the capital goods used as common u/r 43, we also require to pay int .....

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..... erest on sain reversal from the date ITC taken ? Here tax period is month. Please guide. Reply By Shilpi Jain: The Reply: A view can be taken that it is not required to be paid if the reversal is .....

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..... done timely every month.
Discussion Forum - Knowledge Sharing .....

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