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GST REFUND / LIABILITY PERIOD FOR PAYMENT OF CREDITORS BILL DUES FOR GST CLAIM BACK

ashish (account) (25 Points)

20 March 2018

Can any one clearify..... I have an export firm I heard that if i dose not pay creditors of exported good bill dues within 90 days then no gst refund will be claimable...?

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 20 March 2018

Sir
I don't think that there is any such clause in GST, yes in case merchant exporter : the goods he procure (on concession rate) to export , the export should be done in 90 days.

2ndly under sec 16 Cgst act, payment not made to creditor within 180 day , the recipient has to reverse the ITC for such bills

moreover if there is any such clause ,I revert u soon

Other expert Opinion is also required !!!