we are running one garment retail store.we have to purchase from different parts/cities of country.as we are unknown to suppliers.how much cash payment we can make. for business expenses limit is Rs 10000.is there same limit for purchases too ?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178083 Points)
Replied 10 July 2022
Yes, the same is the limit for purchase too.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 10 July 2022
Yes for purchases also limit is Rs.10000
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