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limit of cash sale to consumer/unregistered dealers

Registration 1031 views 4 replies

Abhishek Jain

90 Points Joined January 2018

i m a composition dealer
pls tell me the amount upto which cash sell can be made to consumer

and unregistered dealer..

also tell the limit of my cash purchase ??
if the bill amount is suppose 15000..

can i make payment in two part of rs 7500 each on 2 different days??

Replies (4)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Cash Sales :
To Consumers and URD less than 2lakhs per annum to One person...

Cash Purchase :
Less than 10k per day and Less than 2lakhs per annum to One Person...

Abhishek Jain

90 Points Joined January 2018

thank u sir..
if the bill amt is suppose 15000...can i give today 7500 and tommorow 7500...

as i have heard that in a day u cannot make cash payment of more than 10000 as per income tax..

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Cash Bill value not exceeding Rs. 10K

Abhishek Jain

90 Points Joined January 2018

does that mean i can give today 7500 and another 7500 tommorow..

can i make part payment of bill

or can the seller show that he have recieved payment on different dates??