Cash acceptance restrriction

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PROP
62 Points Posted on 10 August 2020
does rule 119A under section 269SU under finance act restrict acceptance of cash

further if any restrictions in gst for cash acceptance
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On 10 August 2020 at 12:14 Report
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This discussion clarifies cash acceptance rules in the UK. It explains that while Section 269SU of the Finance Act imposes restrictions, specifically a limit of Rs. 2 Lakhs per person per day per invoice, the GST law itself does not introduce further limitations on cash acceptance. Therefore, the primary restriction stems from Section 269SU.

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Finance/Compliance Consultant
69525 Points Posted on 10 August 2020
Cash Acceptance again an Invoice is Rs. 2 Lacs per person per day per Invoice.
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On 10 August 2020 at 12:30
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Tax and Business Consultant
11616 Points Posted on 10 August 2020
Further to that there is no restriction regarding cash in GST law..
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On 10 August 2020 at 12:41

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