total purchase bill se h meri or payment chq se but jo customer h hamare pass sare unreg. h jo cash me purchase karte h . how i issue cash invoices . kitni amount ka cash bill de sakte h
Under GST, there is a no restriction on cash sales. But sec 269ST of Income Tax Act, 1961 has to be followed which says that you cannot accept receipts of more than Rs. 2.00 Lacs in cash. If you will accept the amount in excess of Rs. 2.00 Lacs in cash then penalty u/s 271DA would be imposed which is equivalent to amount of receipt. hence, you are suggested not to issue bill for more than Rs. 2.00 Lacs.
aap ek transaction k lye bill 2 Lacs se neeche issue karein......saal Bhar me jitne bill chahein untne issue Kar sakte Hain.....agar payment cash me milegi to bill amount 2 Lacs se neeche rakhein