cash sale
This query is : Resolved
shubham agrawal
(Querist)
15 August 2017
dear sir
my firm came under audit limit and I want to know is there any difficulties in selling goods to non gst registered person or gst registered person in cash ??
is there any procedure we have to follow to sell them in cash like taking their aadhar card or pan card xerox or any other thing.
CA Suresh Jain
(Expert)
15 August 2017
Single Cash sales more than Rs. 2Lakh or receipt of cash in parts more than 2 lakh against one transaction of sales is not allowable.
Amol S Joglekar
(Expert)
15 August 2017
no issues even if you sell to non gst dealer.
shubham agrawal
(Querist)
15 August 2017
dear sir/mam
if I issued a tax invoice of rs 50000 to person on credit basis and the buyer is making whole amt payment by cash whether can I should record cash payment in
shubham agrawal
(Querist)
15 August 2017
dear sir/mam
if I issued a tax invoice of rs 50000 to person on credit basis and the buyer is making whole amt payment by cash whether can I record cash payment in single day in my books or record the transcaton in 5-6 days in small amt
CA Suresh Jain
(Expert)
15 August 2017
You can receive and show the cash sales of 50k as mentioned by you even if It is B2B. For Buyer it is an issue not for you.
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