Proviso to Rule 37(1) provides that consideration is deemed to be paid for Schedule I transactions for the purpose of availing ITC. Therefore, 180 days restriction is not applicable to Schedule I transactions
Proviso to Section 16(2) provides that payment shall be made to the supplier within 180 days. What is the effect of the provision if no consideration is to be given when the transaction is between sister concerns Print
Modified on: Mon, 21 Mar, 2022 at 10:16 PM
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