{"id":39026,"date":"2024-02-09T15:03:59","date_gmt":"2024-02-09T09:33:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=39026"},"modified":"2024-02-09T15:03:59","modified_gmt":"2024-02-09T09:33:59","slug":"new-provision-u-s-43b-regarding-payment-to-spplier-of-goods-servies-regstered-under-msme-act-2006","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/new-provision-u-s-43b-regarding-payment-to-spplier-of-goods-servies-regstered-under-msme-act-2006\/","title":{"rendered":"New provision u\/s 43(B) regarding payment to spplier of Goods &amp; Servies regstered under MSME Act, 2006"},"content":{"rendered":"<p>If a person filing ITR under presumtive taxation receives goods &amp; services from registered entity under MSME Act and defaults in making the payment u\/s 43B of I.T. Act, 1961 whether legally consequences of default in payment as per Sec 43B will be applicable?<\/p>\n<p>Since sections of presumtive taxation starts with<\/p>\n<p>&#8220;Notwithstanding anything to contrary contained in Sections 28 to 43C&#8230;&#8221;<\/p>\n<p>Section 43B starts with<\/p>\n<p>&#8220;Not withstanding anything contained in a<span style=\"text-decoration: underline\"><strong>ny other provision of this Acr&#8230;&#8221;<\/strong><\/span><\/p>\n<p>My point is provisions of Section 44 comes subsequently to 43B but non obstantive clause in Sec. 43B appears to have wider coverage so as to overide non-obstantive clause under presumtpive taxation.<\/p>\n<p>Please give case laws on the issues,if any.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[],"qa_category":[23],"qa_tag":[85],"class_list":["post-39026","qa","type-qa","status-publish","hentry","qa_category-income-tax","qa_tag-43b"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/39026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=39026"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39026"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=39026"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=39026"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=39026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}