salary in cash
suman (accountant) (82 Points)
31 July 2017
how much salary is allowed to give in cash???
2 Replies
sunil kumar sharma
(jr accountant)
(708 Points)
Replied 31 July 2017
there are no gst applicable on salary
Kaushik Deepak (KD)
(Deputy Finance Manager)
(1136 Points)
Replied 31 July 2017
There is no rule in GST law regarding cash transactions,
But in relation to cash transactions, there is rule under Income Tax Act
Section 40 A(3) amended to reduce the present threshold towards cash payments to a person in a single day to Rs .10,000 from Rs. 20,000
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