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Cash transaction limit reg

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Manager
528 Points Posted on 01 May 2021
Experts, What is the maximum limit to get the cash against sales invoice under Gst Act Or under Income Tax Act?
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On 01 May 2021 at 19:23 Report
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39 Points Posted on 01 May 2021
Before 2 lac against single invoice. also required Copy of pan card and aadhar card if invoice value 50 k or more then 50 k.
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On 01 May 2021 at 20:16
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Chartered Accountant
24588 Points Posted on 01 May 2021
200000 rupees in cash can be received in a single day
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On 01 May 2021 at 20:27
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CMA
13117 Points Posted on 01 May 2021

I know that as per section 269ST, max cash receipts allowable is less than 2 lacs. But am not aware of requirement of pan/aadhar for purchase of >=50k.

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On 01 May 2021 at 20:27
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39 Points Posted on 01 May 2021
In cash sale, purchase we have required to avoid fake sale , purchase.
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On 01 May 2021 at 20:31
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Practice
1361 Points Posted on 01 May 2021
Maximum Rs. 2L from a person in a day or against a single invoice or against a single event.
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On 01 May 2021 at 21:18
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Manager
528 Points Posted on 01 May 2021
Thank you to all
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On 01 May 2021 at 21:27
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Practice
1361 Points Posted on 01 May 2021
Ur welcome
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On 01 May 2021 at 21:31
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Chartered Accountant
24588 Points Posted on 01 May 2021
Your welcome
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On 01 May 2021 at 21:53


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