Is there any provision saying Input cannot be claimed from Cash purchases made ?
Is there any provision saying Input cannot be claimed from Cash purchases made ?
unless buyer gst number is quoted on the invoice and a person cannot claim gst. there is no such condition of cash.
Thank you,Sir.
No Such Condition Under GST
Only under IT act, there is condition of cash purchase of more than Rs. 10,000/- is disallowed. No ITC loss under GST.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
