What shd be the limit of expenses accountable without GST bill per day..Is it 5000..?
and if it is more than the amount wt shd we do pls.
2 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 16 December 2021
The minimum value fixed to raise an invoice is Rs. 200 under the GST law. If the total value of multiple invoices is Rs. 200 and the buyer is an unregistered party then the seller can issue a single invoice instead of multiple invoices on a daily basis.
Santhosh
(Branch Accountant)
(94 Points)
Replied 17 December 2021
Sir am asking about daily business expenses like repairs, stationery, miscellaneous , traveling, conveyance, refreshments etc.
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