17 August 2016
WE ARE MANUFACTURERS OF DE OILED RICE BRAN FROM SOLVENT EXTRACTION PROCESS WE ARE SELLING OUR DOB TO LOCAL FARMERS TO CASH MY DOUBTS ARE AS FOLLOWS:
1) CASH SALE TO MR X 1,50,000/- NO TCS APPLICABLE
BUT OUR TOTAL TRANSACTIONS TO MR X IS 25,00,000/- IN THIS MONTH ALL INVOICES ARE BELOW 2,00,000
TOTAL AMOUNT OF RS.25,00,000/- RECEIVED IN CASH
THERE IS ANY LIABILITY TO PAY TCS FOR THE ABOVE TRANSACTION
CAclubindia
