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Cash Sale

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(Querist)
30 August 2017 Can a person bill Rs. 3lakhs to one person and receive whole amount in cash in different dates? Or can he receive ₹1.90 in cash and balance in cheque?
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vaibhav singhi

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vaibhav singhi (Expert)
31 August 2017 NO he cannot any amount more than INR 20000, Should be received by cheque otherwise it will be disallowed
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
31 August 2017 269ST will be applicable if you receive 2 Lakh or more. You can receive 1.9 Lakh in cash & balance in cheque.
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Dibin Divyakumar

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Dibin Divyakumar (Expert)
31 August 2017 Cash Receipt in different dates will not help you to circumvent 269ST
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