Pay limit cashto farmers
This query is : Resolved
PRASHANT GUPTA
(Querist)
08 April 2017
I am a adaryat I doing bussiness grain , peanuts , musterd , gram etc .I do purchase directly by farmers . Before 31/3/2017 pay cash is exempt any amount . Now I want to know that is any limit applicable or regular exempt to continue as per as 31/3/2017 so please give me any suggestions
08 April 2017
Though the provisions of section 269ST are not applicable to payer from the point of view of payee i.e. farmers it is advisable to not pay Rs 2 lakhs or more in cash.
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