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Hi I recently faced this issue and have enquired about it in a clear way. If purchased on no-cost emi the interest is not chargeable to us but according to RBI regulations 0 emi scheme cannot be offered. Pin On Shashiprateek Blogspot Com Your supplier has 28 days to provide you with a tax invoice after you request one. Why do i have to pay back gst credit . Your organisation can claim GST credits for the GST included in the price of purchases it uses to make a taxable sale. Dont worry you may be able to claim back the GST from the ATO on your next return. You cant claim GST credits on any excess that you pay to your insurer. Most Canadian businesses must register to collect and pay the goods and services tax GST and harmonized sales tax HST on eligible itemsIf you are operating a Canadian business and registered for the GSTHST you can get back the GSTHST youve paid out during a particular reporting period by claiming it through input tax credits ITCs on your GSTHST return....