24 October 2016
Sir...my frnd wants to set an online grocery business...but there are so many vendors who don't give bills to save tax on that items...but he wants to do business with a proper way...so he wants bill...& if d vendors give him bill..the rate of products increases...so when it comes to customer they prefer to buy non billed one as it z cheaper...so what z d treatment for ds...I mean how my frnd get both bills & customers in most cost effective way...pls reply sir
24 October 2016
It is actually a very small amount that will attract taxmen for any wrong doing. Having said that, we always keep records being the dutiful citizens and tax-payers. Please ask your friend to get at least petty cash vouchers signed while paying this money as a proof of payment. I dont think anyone would object to that as everyone wants to keep proof of payment to avoid future disputes. Hope these are small values as PAN is mandatory for payments above 50K
26 October 2016
yes sir.... exactly...what should we do if we can't get taxable bills as d vendors want to minimise price by not including tax on d price....so what should we do in such case....
CAclubindia
