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any limit for making invoice amount ? my client make one invoice more than 18 lakh .purchaser is unregistered.give me solution.
Replies (2)
Yes there is no limit of purchase amount if it is paid by cheque
A REGISTERED PERSON UNDER GST CAN SALE TO UNREGISTERED PERSON WITHOUT ANY LIMIT. IT IS PURCHASER'S OBLIGATION TO GET REGISTERED.
AS PER I.T. IF YOU SALE IN CASH THAN YOU WILL HAVE TO FILE FORM 60/61 IF TOTAL SALE EXCEEDS 2 LAKHS.
U CAN NOT RECEIVE MORE THAN TWO LAKHS IN A SINGLE TRANSACTION FROM CUSTOMER.
AS PER I.T. IF YOU SALE IN CASH THAN YOU WILL HAVE TO FILE FORM 60/61 IF TOTAL SALE EXCEEDS 2 LAKHS.
U CAN NOT RECEIVE MORE THAN TWO LAKHS IN A SINGLE TRANSACTION FROM CUSTOMER.
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