Cash transaction limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2018
Dear experts,
We are pvt. ltd. company & gst registered in west bengal. we have purchased a printer of rs. 12400/- along with gst (gst invoice received) for office purpose , can we paid the same by cash in a single transaction? or can we pay the amount by cash in two transactions? so that we will not be liable any penalty. Though we can pay it by neft
or by a/c payee cheque, but we need to know for our knowledge.please advice
We are pvt. ltd. company & gst registered in west bengal. we have purchased a printer of rs. 12400/- along with gst (gst invoice received) for office purpose , can we paid the same by cash in a single transaction? or can we pay the amount by cash in two transactions? so that we will not be liable any penalty. Though we can pay it by neft
or by a/c payee cheque, but we need to know for our knowledge.please advice
Udaya Chandran
(Expert)
20 July 2018
You can't make cash payment of more than Rs.10000/- in a day to a single person.
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