Cash payment
This query is : Resolved
Kumar Avinash
(Querist)
30 August 2017
i need to know that if the expenses are above 5000 then reverse charge will be 5000 per day per person???
30 August 2017
Exemption shall not be applicable where the aggregate value of supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
So the limit is Rs 5000 in a day and not Rs 5000 per day per person.
So the limit is Rs 5000 in a day and not Rs 5000 per day per person.
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