Dear All Expert
I hv purchased the cloth Rs 51.0 0 lac from my buyer by multiple bills each bills above Rs 2 lacs.
So my query is this can I pay the payment in cash against each translation Rs 2 lac.
Suppose I paid Rs 10 lacs against 5 transaction to my supplier will not it be violation of 269 st or it is permissible.
Regards
CAclubindia
