Payment within 180 days under cgst act.

Please suggest,

What is the payment term, while we purchase/sale  the material from our branch, that time amount is to be paid to our branch or not.

Subject to payment within 180 days under CGST Act.

 

 

Replies (7)
In same company, If you are making supplies to your branch rule of 180 days not imposes.

As it's only taxable because of interstate movement.
as per section 16(2) , If payment is not made to supplier within 180 day the recepient has to reverse the ITC claim.
BUT in case between Head off ice & Branch Office this rule is not applicabe As below :
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.

So even though its interstate the clause of 180 day not applicable in Branch supplies
Pankaj ji, why the such concept is applicable for, when branch office incurred exp on behalf of ho, then According the transaction ISD return is filled, and in above case GSTIN no is different of both sate, transaction is going on branch to branch , both are different sigment, please suggest

HAVE TAKEN ISD REGISTRATION,... CANNOT UNDERSTAND UR QUERY CAN ELOBRATE

Yes, In some of state, ISD Registration have taken by us ,

Further My queries is , if we are doing any transaction between SBU (INTER STATE) , then sec-16 will be apply or not.....Mean payment to be made within 180 day's or not

NO NOT APPLY IN CASE OF ISD

Hi, Pankaj Ji,

Can you share your contact number. 

 

 

 

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