Purchase from farmers 40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2014
My cliet is a rice mill. They have paddy purchase from brokers. For 50% of the transactions they dont get purchase bills.How to account such transactions. Cash payments are made for such purchases. How to deal with the situation???
My cliet is a rice mill. They have paddy purchase from brokers. For 50% of the transactions they dont get purchase bills.How to account such transactions. Cash payments are made for such purchases. How to deal with the situation???
13 March 2014
Actually what is ur question I cant understand.. If 50% transactions r on cash than whats the big deal??
If u r issuing invoice then its k.. Otherwise elaborate ur query.
If u r issuing invoice then its k.. Otherwise elaborate ur query.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Can we claim ITC in 28%
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- CA Final exam Form
- Can we claim RCM ITC paid on Gst audit of earlier years,
- Conversion of Pvt Ltd Company to a LLP
- Accounting Policies changes
- GST APPLICATION
- CERTIFIED TRUE COPY OF PARTNERSHIP DEED
- PARTNERSHIP FIRM REGISTARTION
- TDS on Immovable property to an NRI
- Revenue stamp for individual to Individual
- Regarding updated Return After Submission of Income Tax Audit Report
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
