banner_ad

SALE OF COMMERCIAL VEHICLE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 July 2023 Can we accept cash on sales of commercial vehicle from purchaser (we being goods transport agent). Purchaser is an individual and has no GST registration and he intends to pay full amount in cash and will be paying in instalments. Can we accept his proposal and if there is any limit on such transaction, how much can we accept in cash.

Thank you
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
19 July 2023 Less than 2 lacs cash can be accepted.
Balance ask for DD or cheque.
Profile Image

Shalini RN

Profile Image

Shalini RN (Querist)
19 July 2023 Thank you Sir. And if he wants to pay at least Rs.1.5 lacs in cash and in instalments, how much per instalment we can collect.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
19 July 2023 Instalment not allowed it's a single event.
Profile Image

Shalini RN

Profile Image

Shalini RN (Querist)
19 July 2023 OK Sir, Thank you very much
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
19 July 2023 You are welcome...
....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details