10-18-2010, 08:36 PM
AOA ALL
I am working in semi govt. department in lahore. recently we have to purchase few items for our new campus. We took advance payment and purchase the all items from market on cash basis means from local market we purchase every thing on cash payment. after that we took GST invoices from all three vendors.
Now the auditor from Auditor General department has raised a para that we should collect the income tax and we did not collected that income tax from shop keepers.
Kindly any one help me to solve this problem that how we can collect the income tax from the shop keepers on cash purchase.
Is there any notification related to expemption. because every one is saying verbally that there is no income tax on cash purchase / cash memos but no black & white proof.
I am working in semi govt. department in lahore. recently we have to purchase few items for our new campus. We took advance payment and purchase the all items from market on cash basis means from local market we purchase every thing on cash payment. after that we took GST invoices from all three vendors.
Now the auditor from Auditor General department has raised a para that we should collect the income tax and we did not collected that income tax from shop keepers.
Kindly any one help me to solve this problem that how we can collect the income tax from the shop keepers on cash purchase.
Is there any notification related to expemption. because every one is saying verbally that there is no income tax on cash purchase / cash memos but no black & white proof.
