dear sir if i made sales bil of around 10000 each to party and i received cash against such bill. no of trasaction with same party is more than 50 which aggregating around 490000 i had received cash against all such 50 transaction whether 269ST penalty applicable or not as single day cash receipt against
single day cash bill is not exceeding 200000 and whether all such transaction is to be consider as one single event ??
kindly guid me
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Section 269ST
Replies (6)
"whether 269ST penalty applicable or not as single day cash receipt against single day cash bill is not exceeding 200000?"
NO
"whether all such transaction is to be consider as one single event ?"
NO
that means sir sale transaction on different date with same party is considered as seprate event and it should not be aggregated. and 269st has not been applicable
Yes, provided it is cash sales.
it is cash sale but routed through party ledger. first debtor account debited and then cash receipt has been booked
Take care about .......... no aggregate sales or cash receipts of 2 lakhs on any day.
& more better try to change the mode to banking channel......
ok thank you sir
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