If the buyer does not have the pan card so can a seller generate invoice of the amount 2lakh or more on aadhar number?
Replies (4)
Quick Summary
This discussion addresses whether a seller can issue an invoice for £2 lakh or more using an Aadhaar number if the buyer lacks a PAN card. While payment via bank transfer is possible, the seller faces TDS (Tax Deducted at Source) liabilities, making it problematic. The consensus leans towards this not being a viable option due to tax regulations.