Cash disallowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2014
When limit of rs 20000 is considered for payment for purchases whether it is inclusive or excllusuve vat? My query is purchase amt is less than 20 k but inclusive vat it is more and all amount is paid in cash? Whether disallowed?
and if wages for constructing fixed asset is paid above limit in cash, is this disallowance applicable?
and if wages for constructing fixed asset is paid above limit in cash, is this disallowance applicable?
17 November 2014
It is the purchase price for you to consider so it includes VAT charged by your supplier.
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