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Cash limit of bill

Deepak (Article ) (203 Points)

10 August 2017

My query is related to cash bill of gst.. How much amt cash bill will be made.. Plz rpl

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9 Replies

Saksham Sood (17 Points)
Replied 10 August 2017

I think there is no limit of cash in GST. only limit Rs 5000 in URD is to seen.

Asif Ansari (Tax Consultant) (159 Points)
Replied 10 August 2017

but pay 10000 per day as per IT

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Srinivasan Chokkanathan (199 Points)
Replied 10 August 2017

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.

Srinivasan Chokkanathan (199 Points)
Replied 10 August 2017

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.

JITENDRA KUMAR SHARMA (ARTICLE) (213 Points)
Replied 10 August 2017

if you sales unregistered dealer and bill amount above Rs50000 then details of person mention in GST return

Deepak (Article ) (203 Points)
Replied 11 August 2017

But if cash bill exceed 10000 then problm create na?? Because it is disallowed in it act

Shameem Ahmed (Practice) (46 Points)
Replied 14 August 2017

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.

Deepak (Article ) (203 Points)
Replied 14 August 2017

If B TO B then only 10000 cash sale made in a bill..??

Shameem Ahmed (Practice) (46 Points)
Replied 14 August 2017

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.