Limit cash

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744 Points Posted on 27 December 2020
if i sale my goods to register gst party means b2b then what is the limit of receipt cash entry in single one day
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On 27 December 2020 at 18:44 Report
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This discussion clarifies cash transaction limits under GST and Income Tax. While GST has no specific cash receipt limit for B2B sales, Income Tax, under Section 269ST, restricts cash receipts to Rs 2 lakh per day per person. However, for cash payments for expenses, the limit is Rs 10,000 per day per party. It's crucial to consider both the buyer's and seller's perspectives regarding these limits to avoid penalties.

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Chartered Accountant
24588 Points Posted on 27 December 2020
In gst there is no such limit, but in income tax you should receive upto 200000 rupees in a single one day u/s 269st

You should receive upto 200000 rupees otherwise penalty would be attracted u/s 271D
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On 27 December 2020 at 18:59
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10 Points Posted on 27 December 2020
Cash receipts,branch transfer are not liable income tax rule 10000 where it is applied in cash payment for expenses single party single day 10000
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On 27 December 2020 at 19:00
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744 Points Posted on 27 December 2020
Sir business to business cash limit plz in short way sir recipt cash entry 2 lac or 10000 iam confuse
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On 27 December 2020 at 19:02
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Chartered Accountant
24588 Points Posted on 27 December 2020
200000
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On 27 December 2020 at 19:04
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744 Points Posted on 27 December 2020
Den 10000 rule plz sir
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On 27 December 2020 at 19:05
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Chartered Accountant
24588 Points Posted on 27 December 2020
10000 rupees is the maximum payment you should pay in a single day
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On 27 December 2020 at 19:06
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744 Points Posted on 27 December 2020
To jinse mene 2 lac ek din m agar cash lu to vo kese muje 2 lac de sakte hai jabi payment limit to 10 hajar h
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On 27 December 2020 at 19:08
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Chartered Accountant
24588 Points Posted on 27 December 2020
As per your perspective you should receive upto 200000 rupees means less than 200000 rupees in a day.
And as per your purchaser perspective he should pay maximum 10000 rupees in a day as per IT act.

Think from buyer and seller perspective
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On 27 December 2020 at 19:12
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744 Points Posted on 27 December 2020
Ok sir now clear thanks
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On 27 December 2020 at 19:14
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Chartered Accountant
24588 Points Posted on 27 December 2020
Thank you
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On 27 December 2020 at 19:15
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STUDENT
1631 Points Posted on 27 December 2020
Expenses Limit Rs .10000 / day from f.y 2018-2019

For receipt of money upto 200000 is allowable from a person , per ocassion , per event ,per day u/s 269ST of IT Act!
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On 27 December 2020 at 23:53
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8 Points Posted on 28 December 2020
Sir how much RS added than sell any product from accutal prize
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On 28 December 2020 at 07:37
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STUDENT
1631 Points Posted on 28 December 2020
No such limits sir , u must add a profit margin based on conditions!
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On 28 December 2020 at 08:07
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744 Points Posted on 28 December 2020
2 lac limit alow me to recipt from businessman i mean to say b2b
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On 28 December 2020 at 14:58

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