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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
