Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

Gst related query

17 January 2021

sir/mam,

farmers ko 2 lakh se above cash payment kr skte hai kya?? humari firm farmers se kapas purchase krti hai or single bill ki total invoice value bhi above 2 lakh hai or farmers ko payment bhi pura cash me hi hota hai

Reply
Follow
Share

6 Replies

mayur sharma (133 Points)
Replied 17 January 2021

Yes as per rule 6DD exception to cash payments.

Payment in excess of 10000 in cash will not be treated as PGBP income if payment is made for purchase of agriculture or Forest products.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 17 January 2021

As per Rule 6DD , you can make payment to Farmers more than Rs. 2,00,000/-

saurabh sawlani (2166 Points)
Replied 17 January 2021

Thanks mayur sir aur rashmi sir, ek or query hai meri ki RCM same month me claim kr skte hai yaa jiss next month me... for example ki agar muje kapas per rcm dec. month me pay krna hai toh uska input dec. month me hi claim kru ya next month... muje isme confusion hai..