Cash transaction regarding

No' if individual bill/s  and payment received on each date (aggregate on each date) had been below 2 lakhs amount......

we received cash from x daily Rs.10000/= on various dates by cash its total value exceed Rs.9,00,000/= in a year it is correct or not

Sec 269ST
[a] in aggregate from a person in a day; or

[b] in respect of a single transaction; or

[c] in respect of transactions relating to one event or occasion from a person,

If its relates to single transaction then its vioalatio of 269st

Originally posted by : C R RADHAKRISHNAN
	we received cash from x daily Rs.10000/= on various dates by cash its total value exceed Rs.9,00,000/= in a year it is correct or not

Are the receipts against single invoice?

If not, any single invoice was of Rs. 2.00 lakhs or more?

under GST there is no limit on Cash Sales but as per Section 269ST of Income Tax Act,1961 provides that no person shall receive an amount of Rs 2 Lakh or more -
In aggregate from a person in a day; or
In respect of a single transaction; or
In respect of transactions relating to one or event or occasion from a person.