My contractor is insisting me to pay 2,00,000 amount in cash to him, stating he has to pay more tax under GST scheme. Should I make him the payment by cash or through account payee cheque? And if in cash,why? or if cheque, why?(the limit to make any cash payment was 10,000, are there any changes?).
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GST on under construction Residential House Property
Replies (1)
No cash business.....
No additional cost under GST..... also check whether he has registered under GST.. ..
Pay by Cheque only.... the amount as per agreed schedule
Pay GST only if he issues GST tax invoice.
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