Cash deposit and doing rtgs by cheque
This query is : Resolved
Quick Summary
uma sharma
(Querist)
07 February 2024
If i am register in gst and i have only cash sale . In case if every time whenever i have to make to my supplier , i deposit cash same day and do rtgs of equivalent amount .but rtgs via cheque And this is repeatedly done .Is it a voilation of any income tax rule . I have shown cash bills in gst also .
07 February 2024
As per me no issues. But, keep regards for the cash transactions for future reference...
uma sharma
(Querist)
07 February 2024
More opinions by experts?
CA R SEETHARAMAN
(Expert)
07 February 2024
No violation each cash sale should be less than 2 lacs.
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