bill amount

500 views 14 replies
can cash sale bill exceed rs. 10000/ in a particular day
Replies (14)

There is no provision (as per my knwledge) regarding cash sales in GST.

Originally posted by : Soumya Agrawal
can cash sale bill exceed rs. 10000/ in a particular day


As per my knowledge there is no provision regarding cash sales but cash transctions restrict to Rs. 10000/- day

cash sale mai Koi problem nahi h cash transaction aap 5000 se above nahi honi chahiye
why cash transaction should not be above 5000?
Agar 5000 se above gaye to hame GST pay krna hoga fhir uska reverse charge Le skte h
Mere hisaab se sir 5000 se above nahi dikhana h
what are you talking about....what is the relation between cash sale and reverse charge.....reverse charge is paid by buyer not seller....and it doesn't make any different whether sale is in cash or not.....there is no restriction whatsoever in cash sale under gst....
Originally posted by : Yogesh Makhijani
cash sale mai Koi problem nahi h cash transaction aap 5000 se above nahi honi chahiye

if any single person receives bunch of bills total value of those bills is more than 5000/- per day, even if the bills are received from different persons. So things to keep it in mind to avail the exemption is, A) The supply should be intra state supply (within the state) B) Can be for goods as well as services or both C) The supply should be received by the registered person D) Supply should be received from an unregistered dealer only E) This notification exempts only CGST, SGST portion of any intra state supply is not covered in this notification. F) The notification is only providing RCM exemption for the purchase from unregistered dealer, not any other RCM cases. So those RCM cases are not covered, which attract RCM by the nature of the supply, rather than the nature of the supplier.
Mr. Yogesh ji aap confused mat hoiye,
Mr Deepak I would like to counter your point E.
The notification itself does not exempt sgst portion but if you read section 11(4) of your state's sgst act than you will find that the provision says that such notification also be deemed to have been issued under sgst act....hence both cgst and sgst portion are exemptec
for your reference here is Delhi sgst act's sec 11(4)-

Any notification issued by the Central Government, on the
recommendations of the Council, under sub-section (1) of section 11 or order
issued under sub-section (2) of the said section of the Central Goods and
Services Tax Act shall be deemed to be a notification or, as the case may be,
an order issued under this Act.
the Provision of rs10000/ performance day is for payment to a supplier and expenses naa it has nothing to do with sales ??
sorry not performance its per day

even that provision is in income tax act..... not in gst law.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register