Cash payment to shroff
rajdip ranpara (proprietor) (140 Points)
13 January 2015rajdip ranpara (proprietor) (140 Points)
13 January 2015
Raphael
(Chartered Accountant)
(214 Points)
Replied 14 January 2015
This is a complicated question which needs further inputs. In my opinion if the firm to whom your client had paid cash was a creditor of your client then the chances of disallowance u/s 40A(3) should be studied. In case this is shown as a loan/advance the applicability of 269SS/T should be considered.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)