Question ID :
44485
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.
Posted by
RAM SAMARIA
on
May 13, 2023
Filed Under
DIRECT TAXES
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
Posted by
SURAJ KUMAR CHOUDHARY on
May 17, 2023