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Cash receipts more than rs 2 lakhs

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(Querist)
31 May 2018 Dear Member,
A company has sold goods worth Rs 661000 (single bill)to a party on 08/12/2015. In the year 2018, the party wants to settled the payment in cash on different dates?
Can the company do this?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
31 May 2018 no. it will be violation of 269ST.

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