Regarding annual sales.

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.