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Section 269st

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(Querist)
19 June 2018 Suppose Mr. A issues a bill of Rs 2,20,000 to Mr. B ..............so transaction value is Rs 220000........now Mr. b makes payment of 1,60,000 by cheque & 60000 by cash (same day)......whether it would be violation of 269ST & would attract penalty u/s 271D????????

What if 1,60,000 by cheque is made on different date from 60,000 made in cash ??????Would it make any difference ????

Please respond ....
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
19 June 2018 No in both cases it will not be violation of sec 269ST as you are anyway accepting cash Rs 60000/- only
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