IS INTEREST WILL BE LEVIED U/S 50 FOR DEFAULT IN MAKING PAYMENT TO SUPPLIER WITHIN 180 DAYS

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..... IS INTEREST WILL BE LEVIED U/S 50 FOR DEFAULT IN MAKING PAYMENT TO SUPPLIER WITHIN 180 DAYS
Query (Issue) Started By: - PRAVEEN SONI Dated:- 1-2-2025 Last Reply Date:- 2-2-2025 Goods and Services .....

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..... Tax - GST
Got 1 Reply
GST
IS INTEREST WILL BE LEVIED U/S 50 FOR DEFAULT IN MAKING PAYMENT TO SUPPLIER WITHIN 180 DAYS? Reply By KALLESHAMURTHY MURTHY: The Reply: Sir, Interest is applicab .....

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..... le where the ITC availed on the value of goods or services received but not paid the value of goods or services including tax for more than 180 days (not within 180 days) from the date of invoice as p .....

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..... er Rule 37 of the CGST Rules.
Discussion Forum - Knowledge Sharing .....

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