prahlad daga (28 Points)
06 July 2017
CA Aditya Goenka
(CA Practice)
(174 Points)
Replied 06 July 2017
There is nothing specified in GST for Cash Purchases.
But as far as Income tax is concerned from F.Y 2017-18 if any expenditure inccured in repct of which payment is made in a sum exceeding Rs 10000 in a single day by way of cash.
Then that expenses will be dissallowed.
CA Aditya Goenka
(CA Practice)
(174 Points)
Replied 06 July 2017
There is nothing specified in GST for Cash Purchases.
But as far as Income tax is concerned from F.Y 2017-18 if any expenditure inccured in repct of which payment is made in a sum exceeding Rs 10000 in a single day by way of cash.
Then that expenses will be dissallowed.
siddharath
(1)
(115 Points)
Replied 06 July 2017
CA Aditya Goenka
(CA Practice)
(174 Points)
Replied 06 July 2017
If invoice amount is more than Rs. 50,000 and if he is unregistered then it is mandatory to mention the name, address, state of the receiver’s on the invoice.
siddharath
(1)
(115 Points)
Replied 06 July 2017
shilpee saroj
(Student CA Final )
(33 Points)
Replied 15 February 2018
sir any notification regarding cash purcahse under gst.
kindly send me notification on shilpee1234 @ gmail.com
CAclubindia
