Interest on delayed payments / non payments beyond 180 days
This query is : Resolved
CA Aditya Sapre
(Querist)
13 September 2019
Is CGST Act amended to give effect to do away with requirement for interest payment on delayed / non payment to vendors beyond 180 days.
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Gokul Sharma
(Expert)
13 September 2019
if payment to vendor is not done within 180 days then gst input should be reversed.
CA Aditya Sapre
(Querist)
13 September 2019
Sir what about interest?
Gokul Sharma
(Expert)
14 September 2019
its you and your customer agreement to charge or not
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