Cash sale

This query is : Open

shiv kumar (Querist)
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10 November 2017 Dear Sir,

Can I do cash sale in one invoice 5 lac to unregistered dealers in the end of Month.

Kindly guide us.

Thanks & Regards

Shiv

B Vinay Reddy

B Vinay Reddy (Expert)
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10 November 2017 No, Mr.Shiv Kumar, sec 269ST - This section is attracted when Any Person receives cash more than 2 lakhs from any person. From Same person in a day.From Single transaction.From transaction relating to one event/occasion. And Penalty will be 100% of such Receipt

shiv kumar

shiv kumar (Querist)
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10 November 2017 ok sir, thanks sir,

So can I sale 150000/- per day to different unregistered dealer in cash ?

kindly guide

tha

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B Vinay Reddy

B Vinay Reddy (Expert)
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10 November 2017 Yes you can do cash sale below 2 Lakh no problem

shiv kumar

shiv kumar (Querist)
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10 November 2017 Thanks Sir,

But

can I cash sale A (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale B (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?
can I cash sale C (URD CUSTOMER) RS. 150000/- DT 10.11.2017 ?

Total cash sale in 10.11.2017 Rs. 450000/- is allowable ?

Kindly guide us.

B Vinay Reddy

B Vinay Reddy (Expert)
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10 November 2017 Yes, you can!! As customers are different A , B , C Go Ahead👍

shiv kumar

shiv kumar (Querist)
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10 November 2017 So many thanks, Sir

Nice to talking you

B Vinay Reddy

B Vinay Reddy (Expert)
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10 November 2017 Welcome Mr.Shiv Kumar

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