UPI transfer

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binu sukumaran (Querist)
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23 May 2023 Sir,
My friend start business. His turnover is less . most of customer make payment through bank transfer (upi ).
It's my know if there is any limit of amount and numbers of transfer in UPI.
His account is link with PAN

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 May 2023 Thats very good. Being the objective of the government for non-cash transactions.
There is no limit over any amount, or restrictions on number of transactions.
Keep proper accounts for the payment received against relevant invoices/bills and declare the aggregate of the receipts under sales.