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Cash payment

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30 August 2017 i need to know that if the expenses are above 5000 then reverse charge will be 5000 per day per person???
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 August 2017 Exemption shall not be applicable where the aggregate value of supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.

So the limit is Rs 5000 in a day and not Rs 5000 per day per person.
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