please suggest me... what is limit for a gst invoice for cash transaction...
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Limit of cash bill
Replies (6)
no such restriction in gst
cash transaction is irrelevant matter as far as gst is concerned.
now the eway bill provisions are postponed whether the e way bill provisions of the state government are applicable till such time
if so what are the statutory provisions
there is no such limit in GST but there is limit in Income Tax Act so I recommend you to make cash bill of rupees up to 10000 because if you make above this amount then the person who is purchasing from you will not be eligible for deduction under the Income Tax Act
As per income tax law.
For B2B - 10,000 (disallowance of such purchase for recipient u/s 40A(3).
For all transactions - 2,00,000 as per section 269ST.
For B2B - 10,000 (disallowance of such purchase for recipient u/s 40A(3).
For all transactions - 2,00,000 as per section 269ST.
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