Good after noon all,
i have small doubt with regard to following scenario
ABC ltd sold goods to Mr.X and received payments for the same as like below:
| Invoice Date | Invoice Amount | Receipt date | Receipt in cash | Receipt through Account payee Cheque |
| 01-01-2019 | 10,00,000 | 01-01-2019 | 1,90,000 | 8,10,000 |
| 02-01-2019 | 10,00,000 | 02-01-2019 | 1,90,000 | 8,10,000 |
| 03-01-2019 | 10,00,000 | 03-01-2019 | 1,90,000 | 8,10,000 |
| 04-01-2019 | 10,00,000 | 04-01-2019 | 1,90,000 | 8,10,000 |
| 05-01-2019 | 10,00,000 | 05-01-2019 | 1,90,000 | 8,10,000 |
| 06-01-2019 | 10,00,000 | 06-01-2019 | 1,90,000 | 8,10,000 |
| 07-01-2019 | 10,00,000 | 07-01-2019 | 1,90,000 | 8,10,000 |
| 08-01-2019 | 10,00,000 | 08-01-2019 | 1,90,000 | 8,10,000 |
| Total | 15,20,000 | 64,80,000 |
Kindly mention whether 269ST will get attaracted for this all transactions ???
if yes, how much penalty under which section ???
Thanks in advance
CAclubindia
