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Cash sale limit

This query is : Resolved 
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(Querist)
23 October 2017 We can make cash sell more then 2 lac to diff rant customers in a day
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CA Ysil Karunai

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CA Ysil Karunai (Expert)
23 October 2017 Section 269ST is applicable when any payment is received of Rs. 2,00,000/- or more
(a) in aggregate from a person in a day
(b) in respect of a single transaction or
(c) in respect of transactions relating to one event or occasion from a person.

In your case, you can't make cash sales more than Rs. 200,000/- even to a different person.

For more active discussions and Knowledge updates follow me on Twitter @CAysilkarunai
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