Gst related query

sir/mam,

farmers ko 2 lakh se above cash payment kr skte hai kya?? humari firm farmers se kapas purchase krti hai or single bill ki total invoice value bhi above 2 lakh hai or farmers ko payment bhi pura cash me hi hota hai
Replies (6)
Quick Summary
This discussion clarifies that farmers can receive cash payments exceeding £2 lakh for agricultural produce like cotton, as per GST Rule 6DD. It also addresses a query regarding Reverse Charge Mechanism (RCM) claims, confirming that RCM payments and their corresponding input tax credit can be claimed within the same month.

Yes as per rule 6DD exception to cash payments.

Payment in excess of 10000 in cash will not be treated as PGBP income if payment is made for purchase of agriculture or Forest products.
As per Rule 6DD , you can make payment to Farmers more than Rs. 2,00,000/-
Thanks mayur sir aur rashmi sir, ek or query hai meri ki RCM same month me claim kr skte hai yaa jiss next month me... for example ki agar muje kapas per rcm dec. month me pay krna hai toh uska input dec. month me hi claim kru ya next month... muje isme confusion hai..
Same month. Now auto populated GSTR-3B also show it in case of registered dealer.
Ohhk rashmi mam thank you so much !!!

WELCOME.... MY PLEASURE.....

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