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Resource Centre / Categories :- Miscellaneous  » Miscellaneous
What will be the legal position in regard to the reversed input tax credit if the supplier later realises the mistake and feeds the information?
Team SoOLEGAL | 01/01/1970

At any stage, but before September of the next financial year, supplier can upload the invoice and pay duty and interest on such missing invoices in his GSTR-3 of
the month in which he uploaded the invoice. The recipient will then automatically get ITC on that invoice. The interest paid by the recipient at the time of reversal will also be returned to the recipient through an automated system on the GSTN.

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