Receiving payment as cash
This query is : Resolved
16 November 2016
We are a Private Limited company based at New Delhi. We manufacture and sell Diagnostics Kits all over India to our dealers and distributors. We are a full Tax compliant company in paying all our taxes and returns on time as on date.
We are receiving several queries from our dealers that whether they can deposit the outstanding payment in our company current bank account in cash or not? Against the sale invoices punched in their company name from April 2016 till date.
what is needed from our side and dealers side in terms of relevant documentation to execute such transactions in full compliance?
We are receiving several queries from our dealers that whether they can deposit the outstanding payment in our company current bank account in cash or not? Against the sale invoices punched in their company name from April 2016 till date.
what is needed from our side and dealers side in terms of relevant documentation to execute such transactions in full compliance?
16 November 2016
They can't remit old currency 500 and 1000 notes in your current ac after 8th November.
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