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.
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.
CAclubindia
