Regarding annual sales.

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Accountant
647 Points Posted on 04 May 2021
Sir I am an gst holder and made the sales a sum of Rs 259500/- in a year vide its verious bill No!s and verious dates.Sir I have received the said amount of Rs 259500/-in the installment of 10000/-.Sir I want to know that I am liable to penalized under section 269ST in respect of amount received in cash comes to rs.more than 2.00 Lac.Thanking you.
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On 04 May 2021 at 15:12 Report
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This discussion clarifies Section 269ST of the GST Act regarding cash payments. If you're a GST holder who made sales totalling Rs 2,59,500 in a year, receiving payments in instalments of Rs 10,000, you are generally not liable for penalties. Penalties under Section 269ST are typically triggered if a single transaction exceeds Rs 2 Lakhs or if cash payments on a single day exceed Rs 2 Lakhs, or if a single day's cash payment exceeds Rs 10,000. However, if the total sales were for a single transaction split into smaller bills, penalties may apply.

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Chartered Accountant
24588 Points Posted on 04 May 2021
No, problem you have been received cash upto 200000 rupees in a single day and cash payment should be 10000 rupees in a single day
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On 04 May 2021 at 16:59
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Practice
1361 Points Posted on 04 May 2021
No penalty will attract in ur case
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On 04 May 2021 at 19:02
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Accountant
647 Points Posted on 05 May 2021
Sir the above said sales was made to a single person/ firm and amount received from the single person .
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On 05 May 2021 at 07:33
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Practice
1361 Points Posted on 05 May 2021
If bills issued by u are for separate transactions then no problem. but if a single transaction of 259500/- and bills are splitted in smaller amount, then penalty shall attract.
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On 05 May 2021 at 08:08

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