CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
27 August 2012Please explain the meaning of following line mentioned in guidelines of revise schedule vi.
I m confused basically in the words " Does not have" and "unconditional".
Thankx in advance
Sanjay
(Practice)
(41 Points)
Replied 27 August 2012
It means that the co. should have not any unconditional right to deffer the payment more than 12 month .
The co. cant deffer the payment more than 12 month. It should be unconditional i. e. without interest, or any condition.
Sanjay
(Practice)
(41 Points)
Replied 27 August 2012
It means that the co. should have not any unconditional right to deffer the payment more than 12 month .
The co. cant deffer the payment more than 12 month. It should be unconditional i. e. without interest, or any condition.
CAclubindia
