Is aadhar card mandatory for cash purchase or sale > 50000

Amit kumar jain (engineer) (21 Points)

20 June 2017  

Following recent announcement of Government of India making it complusory to update Aadhar Number for all the Bank accounts and financial transations > 50,000.

Does it also apply to mandatory provide Aadhar Number for all the Cash purchase, Sale of goods or Service whose value is greater than 50,000 /-.

Please clarify......