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70 Points Posted on 11 August 2017
any restrictions in gst about cash how much buisness v can do in cash from our customer in
a sigle day
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On 11 August 2017 at 12:50 Report
Replies (8)
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Finance Professional
3931 Points Posted on 11 August 2017

Under Section 269ST of the Income Tax Act, accepting cash of Rs 2 lakh or more by any individual is restricted.

36 Reply
On 11 August 2017 at 12:54
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70 Points Posted on 11 August 2017
it means v can take 199999 from customer in a single day
1 Reply
On 11 August 2017 at 13:14
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Proprietor
4869 Points Posted on 11 August 2017
yes u can
18 Reply
On 11 August 2017 at 13:25
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Proprietor
4869 Points Posted on 11 August 2017
yes u can
18 Reply
On 11 August 2017 at 13:26
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1464 Points Posted on 11 August 2017
If it is a B2B business your customer can not make cash payment more than Rs 10000/:to you U/s 40a(3) of I Tax Act
4 Reply
On 11 August 2017 at 13:26
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Proprietor
4869 Points Posted on 11 August 2017
yes u can
18 Reply
On 11 August 2017 at 13:26
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Proprietor
4869 Points Posted on 11 August 2017
u can accept but can not pay more than 10000/-
18 Reply
On 11 August 2017 at 13:27
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1464 Points Posted on 11 August 2017
But you Will have to mention customers detail on the invoice if it is more than 50000/ So be careful. ITO or proper officer has powers to go into credentials of the Customer..
4 Reply
On 11 August 2017 at 13:32


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