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unregistered purchase
if I m purchasing goods from a farmer in April and I want to make him the payment of rs 180000..can i do it in a single payment or part of payments... what is the limit for making a payment to an unregistered person in a single day?
Replies (1)
RCM applicable, Please check list of goods/service subject to RCM.
No Payment restrictions as per GST, but as per 40A(3) of Income Tax Act, payment up to ₹ . 10000 made by way other than Account Payee Cheque / ECS
No Payment restrictions as per GST, but as per 40A(3) of Income Tax Act, payment up to ₹ . 10000 made by way other than Account Payee Cheque / ECS
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