Section 269st
This query is : Resolved
22 June 2018
there was a bill of 5Lakh for sale in F.Y 2015-16..............now cash is received rs 150000,150000,150000,50000 in 4 installments ........(means for the same transaction ) .......whether it would be violation of section 269ST since transaction was of the different F.y ???????
22 June 2018
As per my view and understanding.,
The said sec ;
Rules of section 269ST to imposes the restriction of cash receipt from one party in a day:
The section applies to any transaction between single parties in a single day. It doesn’t apply to multiple entities and/or multiple transactions.
Note :
Please wait on replies from Our CCI experts and Views & I tick it as "OPEN" query
The said sec ;
Rules of section 269ST to imposes the restriction of cash receipt from one party in a day:
The section applies to any transaction between single parties in a single day. It doesn’t apply to multiple entities and/or multiple transactions.
Note :
Please wait on replies from Our CCI experts and Views & I tick it as "OPEN" query
22 June 2018
given that the section also applies amounts received in respect of a single transaction - in this case being a single invoice, these payments will attract 269ST
22 June 2018
Means violation of 269ST ???
23 June 2018
yes. it would violate 269ST
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