CLAUSE 27(a)

This query is : Resolved

CA Nidhi Kanabar (Querist)
Follow

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 August 2024 Clause 27(a) applies to all assesses registered under GST/Central Excise.

CA Nidhi Kanabar

CA Nidhi Kanabar (Querist)
Follow

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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

29 August 2024 Count it from 1st April it will not be disallowed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok