TIME LIMIT TO MAKE PAYMENT TO SUPPLIERS
Query (Issue) Started By: – SURYAKANT MITHBAVKAR Dated:- 24-10-2017 Last Reply Date:- 5-11-2017 Goods and Services Tax – GST
Got 3 Replies
GST
Under GST regime we avail input credit as soon as Goods received in our premises\/factory.
\nPlease let us know what is time limit to make payment to the suppliers though our credit is not disallow.
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAccording 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 p<\/p>\n
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