Sir,
we received the services from transporter invoice value of Rs. 30000/- can we pay cash to transporter Rs. 30000/- any resction in IT and GST
please suggest
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 October 2023
Yes, You can pay that 30k to transporter...
Khush Trivedi
(3946 Points)
Replied 18 October 2023
Yes,
In my opinion you can pay cash to the extent 35K as i won't be disallowed as a Exps in computation of your PGBP under Section 40A of Income tax act
Thank you
In my opinion you can pay cash to the extent 35K as i won't be disallowed as a Exps in computation of your PGBP under Section 40A of Income tax act
Thank you
sunil barad
(student)
(87 Points)
Replied 21 October 2023
No restrictions in gst, if u pay gst under rcm than can claim itc
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