I have to pay salary in cash every month.
How much salary i can pay in cash? Is there any limit?
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GST on cash
Replies (10)
Rs-10000/-per day /person. Not more than 200000/-per person /year cash payment limit.
10000 per day???
That means I can give 10000 everyday to same person also?
That means I can give 10000 everyday to same person also?
According to SCHEDULE III
ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES
1. Services by an employee to the employer in the course of or in relation to his employment.
Hence there is no bar in making payment by cash.
ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES
1. Services by an employee to the employer in the course of or in relation to his employment.
Hence there is no bar in making payment by cash.
How much is the salary.
Yes...
Every day to one person.
But, the one logic not suitable salary head.. So, You ll give bank payment above 10k
Every day to one person.
But, the one logic not suitable salary head.. So, You ll give bank payment above 10k
@ Sumukha.,
What are talking about here...?!
it's not GST....
What are talking about here...?!
it's not GST....
Per Transaction must not exceed 10000 in cash
Year limit is to 2,00,000
But Government is asking to pay Salary through bank payment if possible at maximum
So try if possible through bank payment
Year limit is to 2,00,000
But Government is asking to pay Salary through bank payment if possible at maximum
So try if possible through bank payment
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