Payment Within 180 Days
Pay vendors within 180 days to maintain ITC
overview
What is this hack?
Pay vendor invoices within 180 days to maintain ITC eligibility, or reverse ITC and reclaim when payment made to avoid disallowance
- Potential savings: Avoid ITC loss
- Implementation time: Ongoing
- Legal status: fully legal
- Risk level: medium
This hack has a medium risk level. While it's completely legal, proper implementation requires careful attention to compliance requirements. Consider consulting a CA for personalized guidance.
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Need help implementing this hack?
Get expert guidance from CA Ashama Rajawat on implementing this strategy correctly for your specific situation.