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Sayed Nabil (385 Points)

21 June 2021

if cash/retail invoice issued to a registered person under gst is right or not

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9 Replies

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 21 June 2021

Cash invoice can be raised no issue. If you are registered under GST pay gst on it.

CMA Poornima Madhava (CMA) (13112 Points)
Replied 21 June 2021

Usually for small value (< 10k), cash bills can be generated.

Just keep in mind the provisions of Income Tax Act under section 269ST in respect of seller and section 40A(3) in respect of buyer.

Sayed Nabil (385 Points)
Replied 21 June 2021

My issue is one regular person can issued cash invoice to anathore registered personal under gst

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 21 June 2021

Yes you can issue invoice.

There is no non compliance

CMA Poornima Madhava (CMA) (13112 Points)
Replied 21 June 2021

I think I've answered this. Let me explain.

There is no restriction under GST Law for issue of cash invoices but there are restrictions under Income Tax Act to receive/pay in cash.

Sayed Nabil (385 Points)
Replied 21 June 2021

To sir issa invoice ki serieal number garba hoti hai issay koi issu nae hai to.

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 21 June 2021

How does your serial number gets affected?

Sayed Nabil (385 Points)
Replied 21 June 2021

Sir tax invoice aur retail invoice ki serial number alag alag maintaine hit hai Hama re uhapay

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 21 June 2021

You can maintain separate series of invoices as per your convenience. Law allows it.

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