cash sale

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shubham agrawal (Querist)
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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

CA Suresh Jain (Expert)
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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

Amol S Joglekar (Expert)
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15 August 2017 no issues even if you sell to non gst dealer.

shubham agrawal

shubham agrawal (Querist)
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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

shubham agrawal (Querist)
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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

RAJA P M

RAJA P M (Expert)
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15 August 2017 No. B2B cash sales is not exceeding Rs 10k.

CA Suresh Jain

CA Suresh Jain (Expert)
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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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