Can we collect cash for one sale invoice more than 2lakh?


(Querist)
17 October 2019
Dear experts,

Please help me to know whether we can collect cash from customer against one invoice amounted to Rs 202000/- b2c. We have credit notes of Rs 20000/- against this sale invoice.

pls also help me to know any specific rule for b2c, b2b , intra and inter state

thanks in advance

Regards
Rajesh



CA Dileep Surya Kumar (Expert)
17 October 2019
In my opinion aggregate of the transaction is less than Rs.200000 (Rs 202000- Rs 20000) you can collect cash.

Rajesh TM (Querist)
18 October 2019
sir, thanks for your reply


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