Section 40 A(3)
This query is : Resolved
01 October 2008
Hi
I am deepak, Mr. A purchase goods from Mr. B every month by issuing bearer Cheque in the Mr. B. Purchase amt is always below Rs. 20,000/- but Mr. A is not taking Bill from party to Save M. Vat on the bill. During the Financial Year Mr. A purchase goods worth Rs 1,75,000/-. Pls advice, whether this amount is allowed or not.
Thanks in advance
Regards.....Deepak
I am deepak, Mr. A purchase goods from Mr. B every month by issuing bearer Cheque in the Mr. B. Purchase amt is always below Rs. 20,000/- but Mr. A is not taking Bill from party to Save M. Vat on the bill. During the Financial Year Mr. A purchase goods worth Rs 1,75,000/-. Pls advice, whether this amount is allowed or not.
Thanks in advance
Regards.....Deepak
01 October 2008
Amount will be allowed ,MVAT is different issue
01 October 2008
Purchase Amt. is irrelevent.
If Payment is not above 20000/-, it is allowed.
If Payment is not above 20000/-, it is allowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
