how many cash expenses without GST

Cash payment Limit Rs. 10,000/- 

in which sections define in gst rules

Originally posted by : Aravind Gupta
	in which sections define in gst rules

It is mentioned under Income Tax Not under GST 

Yes... I agreed to Mr Ravi Sadhiyan.,

As per Income Tax above Rs 10k is restricted a Person to Person in a day and 2lakhs p.a...




As per GSTIN no more restriction for Cash Payments....


And One more think...
As per Section 9(4) of CGST act the URD related inwards is restricted Rs 5000 in a day...
But,
In the current scenario the section is suspended from 13th October 2017 to 30th June 2018...

So,
Wait on further notifications about the section...


GOOD LUCK 😊😊😊😊

- As per Section 269ST, any person who enters into a transaction of Rs 2 Lakh or above in cash, will be liable to a penalty of an amount equivalent to the amount of transaction.

- Cash Payment limit is reduced to Rs. 10000/- in a Day as per Section 40A(3) & 40A(3A) of the Income Tax Act, 1961