Cash expenses on freight is 35000/- is allowable or not

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Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2017 Cash expense on freight is 35000/- is allowable now or not.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

01 November 2017 No.........

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Querist : Anonymous

Querist : Anonymous (Querist)

04 November 2017 but expert say allowable

Querist : Anonymous

Querist : Anonymous (Querist)

04 November 2017 Its Expense bill only i.e. some pen & books collected from register to register dealer, so which column of GST 3b shown (i think its Column no - 3 or ITC column 4A doubt) .

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

05 November 2017 It will shown in B2B column..,..

RAJA P M

RAJA P M (Expert)

05 November 2017 Show it All other ITC....

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

31 October 2026 Yes, if the payee is engaged in plying, hiring or leasing goods carriages: the cash disallowance applies only where payment to such a transporter exceeds Rs 35,000 in a day (Rs 10,000 for others), so Rs 35,000 in cash is allowable; the same limits continue under the Income-tax Act 2025 from 1 Apr 2026.

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