Cash sales and invoice rules
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2017
MY BUSINESS IS KIRANA STORE AND GENERAL STORE. CUSTOMERS PURCHASE OF RS.500 OR 1000,INVOICE IS COMPULSORY IN THIS CASE
CA Rashmi Gandhi
(Expert)
12 July 2017
Yes invoice for value above Rs.200/- is compulsory.
12 July 2017
Rashmi, could you please reference the legal provision for this?
I was under the impression that invoicing is compulsory for each and every sale made irrespective of invoice value.
With reference to the question by the querist, bearing in mind practical aspect, if he ise out of GST (non inter state sale and below 20 lakhs) he can afford to be less stringent about your billing systems.
I was under the impression that invoicing is compulsory for each and every sale made irrespective of invoice value.
With reference to the question by the querist, bearing in mind practical aspect, if he ise out of GST (non inter state sale and below 20 lakhs) he can afford to be less stringent about your billing systems.
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