03 June 2020
Dear Experts, Mr. A purchased the goods from Mr . B of value say 1 Lakh, also Mr. B purchased the goods from Mr. A value say 50000/- hence balance Rs. 50000/- paid to Mr. A by Mr. B,
However rule 37 of CGST rule 2017 state that consideration has to be paid within the 180 days,
Pls clarify is it fair practice to adjust balance against such purchases' will it be legally stand during assessment procceding,
CAclubindia
