19 July 2020
Gst registered regular scheme dealer trading goods of iron and cement commodities.dealer selling transactions for cash mode to un registered consumers rs.5 or8 or 10 lacs high values each person per day. Question: High values selling for cash mode transactions to un registered consumers if any problems under gst and I.t. act.
19 July 2020
as per my view in gst no issue with transactions. in it act, there is restriction, over rs.2 lakh cash transaction is not allow. even for single transaction, multiple transactions in a single day. it may call penalty.