cash sale
This query is : Resolved
RAHUL WADHWANI
(Querist)
06 September 2017
Plz tell me the limit of cash sale under GST for selling service to un register dealer
CA Rashmi Gandhi
(Expert)
07 September 2017
Less than Rs.10000/-
RAHUL WADHWANI
(Querist)
07 September 2017
Thnxx Mam............
RAHUL WADHWANI
(Querist)
07 September 2017
mam this is for per person or whole day..
07 September 2017
Cash sales to Registered dealer is 10k.
Cash Sales To URD less than 2lakhs. Above 50k collect his details... In case above 2lakhs to URD fall u/s 269ST Un IT...
07 September 2017
(In case above 2lakhs to URD fall u/s 269ST Un IT... if Cash Sale)
10 September 2017
NO ANY LIMIT FOR CASH SALE IN GST ACT AND INCOME TAX ACT. BUT IF YOU AS A SELLER ARE UNREGISTERED IN GST AND SUPPLY (SALE) TAXABLE GOODS OR SERVICES TO REGISTERED DEALER IN GST , THAN SUCH REG.DEALER WILL BE LIABLE TO PAY GST UNDER RCM IF VALUE OF SUCH GOODS/SERVICES EXCEED RS 5000 IN A SINGLE DAY.
EVEN UNDER INCOME TAX ACT, IF YOUR CUSTOMER IS LIABLE TO TAX AUDIT U/S 44AB OF I.T.ACT,1961, HE CANT PAID OVER RS 10000 IN CASH TO YOU FOR SALES MADE BY YOU TO HIM.
EVEN UNDER INCOME TAX ACT, IF YOUR CUSTOMER IS LIABLE TO TAX AUDIT U/S 44AB OF I.T.ACT,1961, HE CANT PAID OVER RS 10000 IN CASH TO YOU FOR SALES MADE BY YOU TO HIM.
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