Cash receipt over 10000/-
This query is : Resolved
Dheeraj Bhai Audichya
(Querist)
22 May 2018
DEAR ALL,
I HAVE ONE MORE QUESTION.
I HAVE RAISED GST TAX INVOICE FOR RS. 209000/-. PARTY PAID 190000/- BY BANK TRANSFER AND REST 19000/- IN CASH IN TWO INSTALMENTS. IN THIS CASE WHAT WILL BE SCENARIO U/S 269ST.
I HAVE ONE MORE QUESTION.
I HAVE RAISED GST TAX INVOICE FOR RS. 209000/-. PARTY PAID 190000/- BY BANK TRANSFER AND REST 19000/- IN CASH IN TWO INSTALMENTS. IN THIS CASE WHAT WILL BE SCENARIO U/S 269ST.
CA R SEETHARAMAN
(Expert)
23 May 2018
Provisions of 269ST attracted only when cash receipt of an invoice exceed 2 lacs. Here only 19000 cash received.
Dheeraj Bhai Audichya
(Querist)
01 June 2018
THANKS SIR.
ONE MORE QUESTION PLEASE-
IF THE SELLER QUOTES GSTN OF PURCHASER ON CASM MEMO (NOT CREDIT), CAN THE PURCHASER CLAIM THE INPUT?
ONE MORE QUESTION PLEASE-
IF THE SELLER QUOTES GSTN OF PURCHASER ON CASM MEMO (NOT CREDIT), CAN THE PURCHASER CLAIM THE INPUT?
CA R SEETHARAMAN
(Expert)
01 June 2018
Yes input can be claimed on cash bill.
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