Is there any provision saying Input cannot be claimed from Cash purchases made ?
Dhanyashree BS (3 Points)
29 July 2019Is there any provision saying Input cannot be claimed from Cash purchases made ?
CA PREM KUMAR
(Chunduru & Co)
(296 Points)
Replied 29 July 2019
unless buyer gst number is quoted on the invoice and a person cannot claim gst. there is no such condition of cash.
P M Panchal
(other)
(291 Points)
Replied 29 July 2019
Only under IT act, there is condition of cash purchase of more than Rs. 10,000/- is disallowed. No ITC loss under GST.
Shivam RC
(Student)
(23683 Points)
Replied 29 July 2019
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
