Under Rule 114E of AIR Any person who is liable to get his accounts audited under section 44AB shall furnish a statement in Form No 61A specifying the details (including PAN,Address,etc) of customers from whom receipt of cash exceeding two lakh rupees for sale of goods or services has been made in a Financial Year .
If that be so , I have few doubts which are as follows:
1.Whether retail stores like Big Bazaar,More , Reliance Mart,etc had to maintain customer wise data of cash sales (counter sales)?
2.Whether from now onwards no cash (Sale) invoice could be raised without putting in the details of customer name,address,etc?
IF POSSIBLE PLEASE ALSO REPLY ME AT CA SALMANSHAMSI @ GMAIL.COM
CAclubindia
