dear colleagues,
ek query hai...mere client ne ek single bill generate kiya hai aprox 6 lac/- or mere client ne iss bill k against me 2 lac ka toh cheque liya hai... or 4 lac cash me toh ye scenario section 269ST ko violate krta hai kya...
Regards,
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Cash receipts related query...
Replies (5)
Yes. esa transaction allowed nhi ha.
apke client ko 4 lacs ka cheque aur 2 lacs cash lena tha
apke client ko 4 lacs ka cheque aur 2 lacs cash lena tha
But cash allow nhi hy na 10000 above
10k to ek din ka limit ha
aur 269st - 2 lacs yearly limit ha
aur 269st - 2 lacs yearly limit ha
Yes it will violate 269ST as cash payment is greater than 2 lakhs rupees
Thanks to all for your valuable guidance
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