Can we collect cash for one sale invoice more than 2lakh?

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(Querist)
17 October 2019 Dear experts,

Please help me to know whether we can collect cash from customer against one invoice amounted to Rs 202000/- b2c. We have credit notes of Rs 20000/- against this sale invoice.

pls also help me to know any specific rule for b2c, b2b , intra and inter state

thanks in advance

Regards
Rajesh

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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
17 October 2019 In my opinion aggregate of the transaction is less than Rs.200000 (Rs 202000- Rs 20000) you can collect cash.
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Rajesh TM

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Rajesh TM (Querist)
18 October 2019 sir, thanks for your reply
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