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Receipts limit cash and digital mode for hospital and pharmacy store

Kollipara Sundaraiah (B.com) (2970 Points)

04 February 2023

it assessess maintained a private hospital including pharmacy store
doubt:
assessess cash mode receipts and digital mode receipts (Google pay and paytam) limit per day received from patient for hospital and pharmacy store in it act.

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5 Replies

CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 05 February 2023

Limit is Rs.200000 per day per person in cash and there is no limit for digital transactions.

3 Like

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sabyasachi mukherjee (27370 Points)
Replied 05 February 2023

Wrong Rs. 1999999 be accurate

CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 05 February 2023

Limit is below 2 lakh, 200000 or anything above 200000 is not acceptable

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174190 Points)
Replied 05 February 2023

The provision of section 269ST"
No person shall receive an amount of two lakh rupees or more-
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account.

Provided that the provisions of this section shall not apply to-
(i) any receipt by-
(a) Government;
(b) any banking company, post office savings bank or co-operative bank;

(ii) transactions of the nature referred to in section 269SS;

(iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify.