Cash sale
This query is : Open
10 November 2017
Dear Sir,
Can I do cash sale in one invoice 5 lac to unregistered dealers in the end of Month.
Kindly guide us.
Thanks & Regards
Shiv
Can I do cash sale in one invoice 5 lac to unregistered dealers in the end of Month.
Kindly guide us.
Thanks & Regards
Shiv
10 November 2017
No, Mr.Shiv Kumar,
sec 269ST - This section is attracted when Any Person receives cash more than 2 lakhs from any person.
From Same person in a day.From Single transaction.From transaction relating to one event/occasion.
And Penalty will be 100% of such Receipt
10 November 2017
ok sir, thanks sir,
So can I sale 150000/- per day to different unregistered dealer in cash ?
kindly guide
tha
So can I sale 150000/- per day to different unregistered dealer in cash ?
kindly guide
tha
10 November 2017
Yes you can do cash sale below 2 Lakh no problem
10 November 2017
Thanks Sir,
But
can I cash sale A (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale B (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale C (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
Total cash sale in 10.11.2017 Rs. 450000/- is allowable ?
Kindly guide us.
But
can I cash sale A (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale B (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale C (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
Total cash sale in 10.11.2017 Rs. 450000/- is allowable ?
Kindly guide us.
10 November 2017
Yes, you can!!
As customers are different A , B , C
Go Ahead👍
10 November 2017
So many thanks, Sir
Nice to talking you
Nice to talking you
10 November 2017
Welcome Mr.Shiv Kumar
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