Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

GST Regulations - Cash Purchase

289 views

Save Share

shikhar K

33 Points Posted on 07 June 2021

If i cash purchase from other state so what i consider it's interstate or interastate(local) purchase ? & there are any limit for cash purchase from other state

ie: If I've Delhi GST no & i purchase from Haryana dealers (more than 1 dealer in mode of cash) so what's the regulations under GST

Replies (3)

Quick Summary

This discussion clarifies that purchasing goods in cash from another state is considered an inter-state purchase under GST. While GST itself doesn't restrict cash purchases, the Income Tax Act does have limits, preventing cash payments exceeding £10,000. Therefore, for GST purposes, cash purchases from other states are treated as inter-state transactions without specific GST-related cash limits.

CA Altamush Zafar

GST Consultant

15986 Points Posted on 07 June 2021

In gst there is no restriction on cash purchase.
Restrictions on cash transactions are in income tax.

CA. Heet Shah

Tax Consultant & Practitioner

6195 Points Posted on 07 June 2021

Originally posted by : shikhar K
	If i cash purchase from other state so what i consider it's interstate or interastate(local) purchase ? & there are any limit for cash purchase from other stateie: If I've Delhi GST no & i purchase from Haryana dealers (more than 1 dealer in mode of cash) so what's the regulations under GST