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GST REFUND / LIABILITY PERIOD FOR PAYMENT OF CREDITORS BILL DUES FOR GST CLAIM BACK
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...?
Replies (1)
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 !!!
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 !!!
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