TIME LIMIT TO MAKE PAYMENT TO SUPPLIERS

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 24-10-2017 Last Replied Date:- 5-11-2017 – Under GST regime we avail input credit as soon as Goods received in our premises/factory.Please let us know what is time limit to make payment to the suppliers though our credit is not disallow. – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to second proviso to Section 16 (2) (d) of CGST Act, 2017 where a recipient fails to pay to the supplier of goods or services or both, other than the supplies on which tax is payable on reverse charge basis, the amount towards the value of supply along with tax payable thereon within a period of one hundred and eighty days from the date of issue of invoice by the supplier, a

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