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All QuestionsCategory: Income Tax ConsultancyPayment In Cash To Daily Paid Worker
Profile photo of SUNNY WADHWASUNNY WADHWA asked 6 years ago

Payment In Cash To Daily Paid Worker

A manufacturing organization has to deploy daily paid workers for different activities to manufacture a product. Its payment usually results in a sum of Rs. 3 to 4 lacs per month.

Whether this sum can be passed through one voucher on the month-end. If the company will pay such sum in cash, what implications may arise.

Please advise having regard to provisions governing payment in cash 

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1 Answers
Profile photo of CA Shafaly GirdharwalCA Shafaly Girdharwal answered 6 years ago

You can enter it in a single invoice monthly but name address of each worker should be there. Provisions related to payment in cash are covered in income tax Act. GST provisions dont put any prohibition on cash payment.


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