Question ID :
SEC43B clause h from 01.04.2023
sir , could anyone explain new clause h inserted by FA2023, how it will be applicable and what is the scenario , if business entity has an agreement to pay the supplier say-90days , than , in such case will it be disallowed if paid after 45days.
Answer ID :
May 13, 2023
It is clearly stated that in no case the period agreed upon between the supplier and the buyer in writing shall exceed 45 days. Hence its disallowed
SURAJ KUMAR CHOUDHARY on
May 17, 2023