Expenditure threshold limit

Save Share

This query is : Open

zareena (Querist)
Follow

02 October 2017 We have 30 branches , in each branch we make cash expenditure .
my question is can we make cash expenditure 5000 limit per day in each branch or all branches included 5000 per day.
The limit applicable for all branches or one branch

RAJA P M

RAJA P M (Expert)
Follow

02 October 2017 All branches expenditure total not exceeding 5k... The 5k limit is per GSTIN... In case branches in other states then it's dealt as another GSTIN and get 5k limit...

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

02 October 2017 This limit is for one PAN No. If all branches registered in one state then limit is for all branches. If branches registered in each state separately then limit is for all branch separately.

RAJA P M

RAJA P M (Expert)
Follow

02 October 2017 Yes... I agreed with you... I have a doubt...?!

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

02 October 2017 What doubt ???? Raja PM

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!