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petty cash limitation
I understand that our company has to pay GST for payment of more than Rs 5000/- a day Made unregistered dealer. What about payment made more than Rs5000 a day to registered dealer. we spend more than Rs10000/- for diesel for our vechile. How to manage this. please explain
Replies (3)
Dear,
Diesel and petrol is not under GST, so no requirement paid GST on diesel and petrol.
no requirement of reverse GST paid on items which is out from GST.
thanks sir. Cash payment being made more than 5000/- to registered dealer permissible? or we have to pay GST for cash payment more than 5000 also
Sure, it's permissible to regustered dealer, you can purchase more than 5000/-
If you purchase and expenses with unregisterd dealer in 1 day more than 5000/- then you are liable to pay GST on total amount.
Example - you purchase or expenses Rs. 5500/- to unregistered dealer then you will pay GST on 5500/-
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