Menu
Gst branch 180 days payment
branch in delhi sells goods in branch karnatka ,karnatka receives input whether karnatka branch need to make payment to delhi branch through different bank account or inter balance dr cr will be adjusted???
Replies (2)
No Reversal is Required:
Proviso as per Rule 37 Provided that the value of supplies made without consideration as specified in Schedule I of the said Act shall be deemed to have been paid for the purposes of the second proviso to subsection [2] of section 16.
Hence reversal in case of payment within 180 days is not applicable in branch
Proviso as per Rule 37 Provided that the value of supplies made without consideration as specified in Schedule I of the said Act shall be deemed to have been paid for the purposes of the second proviso to subsection [2] of section 16.
Hence reversal in case of payment within 180 days is not applicable in branch
Agree with Pankaj Sir..
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
