Urd purchase (threshold for gst)

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Accountant
48 Points Joined July 2009

Payment on a particular day:

URD Purchase (Payment to GTA) under Sec. 9(3) - 2000.00

URD Purchase (Hamali Charges) under Sec. 9(4) - 1000.00

Total Paid is 3000.00 (below threshold limit of 5000.00/day)


Question:

Is the threshold limit of 5000/day is applicable on total of amounts under both sections or only on section 9(4)?

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On 21 August 2017 at 14:58 Report
Replies (5)
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

Only 9(4)..

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On 21 August 2017 at 17:11
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Accountant
48 Points Joined July 2009
in tally is considering both.
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On 21 August 2017 at 17:50
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
Tally is can't considering both..
Bcoz, Tally can't get separate for URD & GTA. Tally get only "Purchased from URD - Taxable / Exempt.
So, You only adjust the entries.....



I also mailed to Tally Solutions for above said disadvantage.....
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On 21 August 2017 at 18:11
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ACCOUNTANT
834 Points Joined June 2014
I appreciate your attention sir...
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On 22 August 2017 at 10:53
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*****Accountant***** Never insult to a
1448 Points Joined January 2017

Choose Purchase Taxable in case of section 9(3).

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On 22 August 2017 at 11:06


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