Cash payment against One Bill above Rs. 10000

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This query is : Resolved

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A user paid Rs. 26,000 in cash for materials against a single invoice and is concerned about potential expense disallowance. They created a payment voucher within three days and are seeking confirmation on whether this is permissible, as a teammate believes it's not allowed due to the invoice amount. The user is asking for clarification on any rules regarding invoice limitations for cash payments.

Vipul Acharya

Vipul Acharya (Querist)
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10 August 2021 We paid Rs. 26000 in cash against purchase of material, against one invoice

How to save this expenses from disallowance, I have made payment voucher in 3 days

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 August 2021 Yes, you can do as proposed.

Vipul Acharya

Vipul Acharya (Querist)
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10 August 2021 But one of my team mate saying we cannot do this, as we have received only one invoice of Rs. 26000

Is there any rule regarding invoice limitation ? Kindly guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 August 2021 I don't find any such rule ask your team mate for such rule.

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