08 August 2024
Hello can clarify the below mentioned Query whether Clause 27(a) is applicable to all registered business dealer under GST or it is applicable to only 5 products dealer petroleum crude, diesel, petrol, aviation turbine fuel, natural gas and tobacco for ITC utilization as it is not clearly mentioned for ITC related part under Tax audit guidance note
28 August 2024
suppose I received service from the MSME registered person in 31/03/2024 bill itself is of 31/03/2024 payment made 15/05/2024 (exacts day- 45day) should I disallowance this expense in FY 2023-24 or it will not be disallowance as complied within 45 day I am getting confused 45 days count from the which date 31/3/24 or 01/04/2024?