Cash receipts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2017 respected sir ,
i am a whole sale dealer dealing in soaps and cosmotictc etc. i rise credit invoices around amounting to rs 30,000 to retailers and collect around 6000 rs regulary in cash from retailors . i like to know that whether amendments made to it act recently effectme or not and what are the measures i have to take .
please discuss

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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24 April 2017 There is no applicability of 269ST untill there is receipt of mopre than Rs. 2 lakhs in a day from a person.

So, if you are collecting Rs. 6000 on daily basis same will not attract 269ST

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