Cash payment more than 10000 per day
This query is : Resolved
24 February 2018
Dear Sir,
We are a campany , We have many cash expense in day to day business . My question is :-
1) Can we incur cash expense of more than 10000 per day (let say 50000 per day ) but it is to be noted that this is not from single party . This is from multiple parties . Let say stationery party , hardware shop , Hotel etc. From a single party the bill is below 10000 .
2)Is there any GST impact of the same.
Pls guide
We are a campany , We have many cash expense in day to day business . My question is :-
1) Can we incur cash expense of more than 10000 per day (let say 50000 per day ) but it is to be noted that this is not from single party . This is from multiple parties . Let say stationery party , hardware shop , Hotel etc. From a single party the bill is below 10000 .
2)Is there any GST impact of the same.
Pls guide
24 February 2018
Cash Expenditure above Rs. 10K in a single day to a single party is disallowed, but to different vendors are allowed, so don't worry about that as u r incurring the expenditure to different parties.
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