Debtors collection after 8th November
This query is : Resolved
15 November 2016
sir I am doing a whole sale business.My issue is that we have outstanding with our debtors which are ready to pay in old notes.
We received many amt in Cash and then we deposit the same into our current account on regular basis.
My question is whether I can take the amt in Cash from my party and deposit the same into our bank account .You can say cash received from 15th November.
If no ,what can be done .
if yes what precaution and records need to be kept.
pls revert asap
we are not accepting it after 8th November but our business
15 November 2016
You can't accept old notes after 8th. So ask your debtors deposit their money in their bank ac and transfer it to you through bank.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Specified Profession
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
