cash payments
This query is : Resolved
CA. RAVIKUMAR
(Querist)
02 February 2009
Deal Experter,
Ihave doubt i.e"If A OF Bangalore sold goods to B OF Chennai order comes from Chennai But goods are delievered to Bangalore Branch But in invioce it shows TIN Number of Chennai office & it is an C Form sale" Please Suggested me weather CST or VAT Charged by A.
Ihave doubt i.e"If A OF Bangalore sold goods to B OF Chennai order comes from Chennai But goods are delievered to Bangalore Branch But in invioce it shows TIN Number of Chennai office & it is an C Form sale" Please Suggested me weather CST or VAT Charged by A.
02 February 2009
CASH PAYMENTS EXCEEDING RS 20,000
1)If the company is making cash payments exceeding Rs 20,000 (at one stroke for 2 bills)to employees for their petrol reimbursement, what are the legal implications ?
2) further, in such (above mentioned)cases, is it mandatory for company to affix revenue stamp on cash payment vouchers ? If co does not affix, what are the legal implications ?
3)Is there any circular stating that co reimbursing to employees, need not have ravenue stamp affixed, for cash payments exceeding 5000
Pl revert at the earliest
1)If the company is making cash payments exceeding Rs 20,000 (at one stroke for 2 bills)to employees for their petrol reimbursement, what are the legal implications ?
2) further, in such (above mentioned)cases, is it mandatory for company to affix revenue stamp on cash payment vouchers ? If co does not affix, what are the legal implications ?
3)Is there any circular stating that co reimbursing to employees, need not have ravenue stamp affixed, for cash payments exceeding 5000
Pl revert at the earliest
Ram Avtar Singh
(Expert)
02 February 2009
CST 2 % to be charg against form "C" Bill to issued in name of Buyer (B)Chennai but you will also mention Delivery address of consignee (Banglore) party in Invoice.
02 February 2009
Answer to AJK
1) Section 40A(3) attracts. Means entire expenses will be disallowed.
2) Yes.If doesn't affix the voucher has no validity before a court of law.
3) No,according to my knowledge.
1) Section 40A(3) attracts. Means entire expenses will be disallowed.
2) Yes.If doesn't affix the voucher has no validity before a court of law.
3) No,according to my knowledge.
CA. RAVIKUMAR
(Querist)
02 February 2009
Thank a lot Ram Avtar Singh sir
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