Cash expenses limit per day
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2018
Is there any cash expenses limit per day for making payment to registered or unregistered person FY 2017-18
Reply on urgent.
Reply on urgent.
CA Anita Bhadra
(Expert)
27 August 2018
There is no cash limit for payment to registered or unregistered person under GST .
prior to Notification No. 38/ 2017 dt 13th Oct 2017 - Recipient had to pay GST on Reverse Charge basis ( Sec 9(4) - GST Act 2017) for supply from unregistered person for more than Rs 5000/- in a day .
prior to Notification No. 38/ 2017 dt 13th Oct 2017 - Recipient had to pay GST on Reverse Charge basis ( Sec 9(4) - GST Act 2017) for supply from unregistered person for more than Rs 5000/- in a day .
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