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Cash limit of bill
My query is related to cash bill of gst.. How much amt cash bill will be made.. Plz rpl
Replies (9)
I think there is no limit of cash in GST. only limit Rs 5000 in URD is to seen.
but pay 10000 per day as per IT
As per amendments made recently in Income Tax Act, one could not receive cash above Rs. 250000, I remember. So above the amount, no cash invoice to be issued.
As per amendments made recently in Income Tax Act, one could not receive cash above Rs. 250000, I remember. So above the amount, no cash invoice to be issued.
if you sales unregistered dealer and bill amount above Rs50000 then details of person mention in GST return
But if cash bill exceed 10000 then problm create na?? Because it is disallowed in it act
If B to B transaction then u should make sale in cash of Rs . 10000 otherwise If it is B to C transaction transaction then there is no problem upto 200000 per transaction.
If B TO B then only 10000 cash sale made in a bill..??
No there is no problem to u brother if you sale more than 10000. problem is with purchaser who will purchase from you because it will be disallowed under income tax act if he purchase more than 10000 from u. U will have no problem. remember a limit of 200000 only.
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