Cash receipt over 10000/-

This query is : Resolved

Dheeraj Bhai Audichya (Querist)
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22 May 2018 DEAR ALL,

I HAVE ONE MORE QUESTION.
I HAVE RAISED GST TAX INVOICE FOR RS. 209000/-. PARTY PAID 190000/- BY BANK TRANSFER AND REST 19000/- IN CASH IN TWO INSTALMENTS. IN THIS CASE WHAT WILL BE SCENARIO U/S 269ST.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2018 Provisions of 269ST attracted only when cash receipt of an invoice exceed 2 lacs. Here only 19000 cash received.

Dheeraj Bhai Audichya

Dheeraj Bhai Audichya (Querist)
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01 June 2018 THANKS SIR.
ONE MORE QUESTION PLEASE-
IF THE SELLER QUOTES GSTN OF PURCHASER ON CASM MEMO (NOT CREDIT), CAN THE PURCHASER CLAIM THE INPUT?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 June 2018 Yes input can be claimed on cash bill.