Cash receipts more than rs 2 lakhs
This query is : Resolved
ANJANA BIYANI
(Querist)
31 May 2018
Dear Member,
A company has sold goods worth Rs 661000 (single bill)to a party on 08/12/2015. In the year 2018, the party wants to settled the payment in cash on different dates?
Can the company do this?
A company has sold goods worth Rs 661000 (single bill)to a party on 08/12/2015. In the year 2018, the party wants to settled the payment in cash on different dates?
Can the company do this?
Nikhil Kaushik
(Expert)
31 May 2018
no. it will be violation of 269ST.
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