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cash payment more than 20,000/-


Hello Fns,

i have a query regarding section 40(A)3-payment more than 20,000/-

I want to know that is this concept also applicable when foreign branch (in Africa) make payment more than 20,000 to foreign Supplier.Branch Books obvisoly maintened in india.

I am confuse - i think this section is applicable to india only , but year end auditor have to give opinion as a whole not only indian accounting.

Kindly Help!!



By: PRIYANKA

you can't make payment more than 20000 in cash.



By: GAUTAM



781674
 
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☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

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☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

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Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)