I am a Trader, how much maximum cash can i recieve from an unregistered buyer (from Retail shopkeeper) in a single day & what is whole year cash transaction limit.?
if he deposit cash in my bank a/c from other city.. Will they assume it as Cash transaction ??
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Cash from Unregistered buyer
Replies (3)
In case of receipt of supply is unregistered .
if the value of the taxable supply is >50000 then it is mandatory to mention name and address of the recipient address of the delivery and state and it's code.
if <= 50000 no need to mention above particular s.
if the value of the taxable supply is >50000 then it is mandatory to mention name and address of the recipient address of the delivery and state and it's code.
if <= 50000 no need to mention above particular s.
cannot receive more than r 200000 per day / per transaction / per event r occasion otherwise than bank ,a/c payee cheque/ a/c payee draft r use of electronic clearing system
if u r registered dealer and buyer is unregistered.
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