cash payments

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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.

AJK

AJK (Querist)

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

Ram Avtar Singh

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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

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.

CA. RAVIKUMAR

CA. RAVIKUMAR (Querist)

02 February 2009 Thank a lot Ram Avtar Singh sir

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