Input Tax Credit to be reversed if payment is not made to supplier within 180 days

Input Tax Credit to be reversed if payment is not made to supplier within 180 days :

As per second proviso to section 16(2) of CGST Act, if payment of invoice amount is not made to supplier within 180 days, input tax credit is required to be reversed.

Pay tax with interest even if supplier has paid full tax to Government – an unfair provision – On one hand, post supply discounts are not allowed as deduction from ‘value’ for GST. On the other hand, if less amount is paid to supplier, corresponding input tax credit is required to be reversed with interest, even when entire tax amount has been paid to Government by supplier. This is double whammy and absolutely unfair provision.