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gta charges
Interstate registered gta providing to pay builty without showing tax amount and i am paying by cash how to make entries in books keeping the tax input in mind
Replies (17)
Expenses A/c dr.... Input tax Ac dr.... To Cash ac..... But cash payment is not allowed... Is is disallow expenses if u pay in cash
dear divakar sir i think there is limit of rs 10000 for expense payment in cAsh pls check....
Cash* payment allowed to Transport charges.
@ Mr. RAVINDER KUMAR.,
Which accounting software you use...?
@ Mr. RAVINDER KUMAR.,
Which accounting software you use...?
sir being in a apparel company i use the software called logic apparel
Cash payment limit Rs. 35000 to transporters...
sir but what about tax input ? since the transporter not providing document indicating gst no and tax element pls help
Haha... Don't promote cash transactions that's why said... Section 40A(3A)...I also know this section... Sorry to reply ur query
For transporter cash limit is Rs. 35000....for others it is Rs 10000
Search his GSTIN no through his pan card no... Thats is the problem when u make payment in cash...
Whether he is a registered GTA?? If not then no need to pay RCM... But without bill how can u book the expenses when payment is made in cash.. No proof... In case of chq payment this problem is not arisen
yes they r registered gta?
U can search GSTIN By his pan card on gst portal... Plz take bilty bill from him... Without bill how u can record the expenses.. As payment is made in cash
i have the builty but how much tax is charged is not mentioned the only thing mentioned is a payable value
Pay gst @ 5% under reverse charge method... GTA is not liable to charge tax on bill... RCM provision is applicable here..
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