My business turnover is 3.5 crore in financial year 2021-22
GST department issue notice and said that you have to 1% GST in cash
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GST paid in cash
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You only need to record and pay GST to the ATO when you actually receive the payment from your customers. Unlike the accruals method, you don't make GST payments on invoices that have yet to be paid.
A registered person including an Input Service Distributor can claim Input tax credit on the strength of the following conditions: a He must possess a Tax ink human benchmark voice issued by the supplier of goods or services or both or Debit note issued by a supplier b He must have received supply of goods or services or both c) He ...No deduction will be allowed to you while computing your income for tax purposes if an expense is incurred of the value above ₹10,000 otherwise paid in cash
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