Limit cash

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.