Dinesh V (Audit Assistant) (131 Points)
13 June 2017The time limit within which the recipient of supply is liable to pay the value of supply with taxes to the supplier of service to avail the input tax credit is 180 days ,if he fails he has to the tax credit availed along with interest.
Now my question ,what would happen if he has paaid part amount,whethet proporationate credit allowed or how it will be dealt.
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 13 June 2017
yes propotionate allowed.provided in proviso
Vipin
( )
(4 Points)
Replied 13 June 2017
Dinesh V
(Audit Assistant)
(131 Points)
Replied 13 June 2017
Mam, but
Sec 16(2) of the CGST Act clearly provides tht d entire value of supply (with tax) is 2 b paid wthin 180 days frm d date of
issue of invoice , there is no specific allowing of propportionate credit from plain reading of law in my opinion ,
CORRECT ME IF I AM WRONG ,
Thank U
vijayakumar
(assistant commissioner )
(19 Points)
Replied 13 June 2017
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 13 June 2017
dinesh go for the third proviso of sub section d of sec 16(2)
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 13 June 2017
dinesh go for the third proviso of sub section d of sec 16(2)
pradeep kumar
(245 Points)
Replied 13 June 2017
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