Dear sir
if anybody can cash sale and purchase below 2 lacs
yes but cash receipt comes from different clients
and should not more than 10000/- each party in a day
4 Replies
Ashit Sharma
(155 Points)
Replied 13 August 2017
I think in GST regime no restrictions on cash transaction , but in ITax instead.
Prakash Chauhan
(172 Points)
Replied 13 August 2017
rs 10000 for expenditure but here cash purchase and sales
Prakash Chauhan
(172 Points)
Replied 13 August 2017
according to me more than 200000 is admissible in income
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