Menu
unregistered purchase
if I m purchasing goods from a farmer in April and I want to make him the payment of rs 180000..can i do it in a single payment or part of payments... what is the limit for making a payment to an unregistered person in a single day?
Replies (1)
RCM applicable, Please check list of goods/service subject to RCM.
No Payment restrictions as per GST, but as per 40A(3) of Income Tax Act, payment up to ₹ . 10000 made by way other than Account Payee Cheque / ECS
No Payment restrictions as per GST, but as per 40A(3) of Income Tax Act, payment up to ₹ . 10000 made by way other than Account Payee Cheque / ECS
Recent Topic
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
Related Topics
CAclubindia
