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Cash purchase limit under gst/income

Rules 251 views 1 replies

as Per gst there is no cash limit for purchase or sale.but income tax restricts. now my query is what is limit of cash purchase.all expenses we cant pay more than 10000 in single entry.but what in purchase.  section 269st allow to receive and payment upto 199999/-. 

1. cash limit for purchase under gst act & income Tax act.

 

Replies (1)
One is receipt on restrictions in cash Sec269 ST

sec 40(A)(3)
another is payment restrictions


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