Regarding cash deposit receipt against sale of goods

This query is : Resolved

saket kumar rastogi (Querist)
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26 November 2016 Dear Sir ,
we are Distributor / dealer/whole seller
Pl. let me know about Cash received against our pending bills ,single receipt of whole bill amount can be
issued or several cash receipt should be issued against the Bill in several dates. ( Bill amount
may be small amount or may be of big amount. ) if there is any restrictions for issue of cash payment received
against sale of goods
( As per provision of IT TCS will be deducted as per rule after 01.06.2016 )
Kindly advise me
Thanking you
Saket kumar rastogi

Shyam Lal Naik

Shyam Lal Naik (Expert)
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27 November 2016 There is no issue in case of seller. Expenses may be disallowed in the hand of purchaser, in case the amount exceeds Rs 20k

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 November 2021 For sellers sec. 269ST to be taken care of.......

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