Accounts
919 Points
Posted on 17 August 2016
WE ARE MANUFACTURERS OF DE OILED RICE BRAN FROM SOLVENT EXTRACTION PROCESS WE ARE SELLING OUR DOB TO LOCAL FARMERS TO CASH MY DOUBTS ARE AS FOLLOWS:
1) CASH SALE TO MR X 1,50,000/- NO TCS APPLICABLE
BUT OUR TOTAL TRANSACTIONS TO MR X IS 25,00,000/- IN THIS MONTH ALL INVOICES ARE BELOW 2,00,000
TOTAL AMOUNT OF RS.25,00,000/- RECEIVED IN CASH
THERE IS ANY LIABILITY TO PAY TCS FOR THE ABOVE TRANSACTION
THANKING YOU