Regarding cash deposit receipt against sale of goods
This query is : Resolved
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
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
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
20 November 2021
For sellers sec. 269ST to be taken care of.......
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