Cash sales

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Tushar Tulsian (Querist)
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03 April 2017 Sir i
I want to ask whether i can do daily cash sales of rs 4 to 5 lacs total , per bill amount will be 40000 to 45000 after 1.4.2017

Is it required to give any detail of buyer as it is a cash sales...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 April 2017 Yes you can do cash sales for such amount. Section 44AA applicable, as your turnover exceed limit hence you need to issue invoice and maintain books or account.

Tushar Tulsian

Tushar Tulsian (Querist)
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04 April 2017 Sir
Thanks for the reply
In addition to above i also want to enquire whether i require to mention buyers detail on cash invoice ..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 April 2017 Yes you need to mention buyers details in the invoice.

Tushar Tulsian

Tushar Tulsian (Querist)
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04 April 2017 Sir
Every day different buyers come and payee cash and purchase goods
Not possible to ask their detail
I just issue cash invoice to them in name of cash sales
Is it ok ,if not please suggest
Any other alternative

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 April 2017 Details required in case of tax invoice other wise name is enough.

Tushar Tulsian

Tushar Tulsian (Querist)
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04 April 2017 All my invoice r retail invoice
So it is ok for me to issue cash invoice without any buyers detail.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 April 2017 Under GST regime such things are not possible.

Tushar Tulsian

Tushar Tulsian (Querist)
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06 April 2017 SIR
I ALSO WANT TO INQUIRE THAT IN PRESENT TAX STRUCTURE I ISSUE A CHALLAN TO MY SALESMAN AND I HAD GIVEN A BILL BOOK TO HIM TO CUT RETAIL CASH SALES BILL TO THE PURCHASER OF GOODS AMOUNTING TO RS 15000--RS 20000 AS PER PURCHASED AND COLLECT CASH , AS HE DO READY STOCK .
WILL THIS PROCEDURE REMAIN SAME UNDER GST SYSTEM
OR CHALLAN SYSTEM WILL BE ABOLISHED ..
PLEASE SUGGEST..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 April 2017 Challan system will not be there in GST.

Tushar Tulsian

Tushar Tulsian (Querist)
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06 April 2017 Thank
Please suggest what to do then in case of ready stock

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 April 2017 In case of end consumers who will not claim any tax credit you can issue invoice with only name.

Tushar Tulsian

Tushar Tulsian (Querist)
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07 April 2017 Sir
One of my dealer say that he has no vat number ,How much cash sales we can do to him or other unregistered dealer in one financial year.
Is there is any limit on us.

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Tushar Tulsian

Tushar Tulsian (Querist)
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08 April 2017 Sir One of my dealer say that he has no vat number ,How much cash sales we can do to him or other unregistered dealer in one financial year. Is there is any limit on us.

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