The time limit within which the recipient of supply is liable to pay the value of supply with taxes to the supplier of service to avail the input tax credit is 180 days ,if he fails he has to the tax credit availed along with interest.
Now my question ,what would happen if he has paaid part amount,whethet proporationate credit allowed or how it will be dealt.
yes propotionate allowed.provided in proviso
Mam, but
Sec 16(2) of the CGST Act clearly provides tht d entire value of supply (with tax) is 2 b paid wthin 180 days frm d date of
issue of invoice , there is no specific allowing of propportionate credit from plain reading of law in my opinion ,
CORRECT ME IF I AM WRONG ,
Thank U
dinesh go for the third proviso of sub section d of sec 16(2)
dinesh go for the third proviso of sub section d of sec 16(2)
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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