Cash sale
jeevan lingayat (manager) (214 Points)
24 January 2019
can i do cash sale of 50000 in single transaction in a day. Please inform
5 Replies
Tushar Chhabra
(Assistant Manager)
(72 Points)
Replied 24 January 2019
There is no restriction on amount of cash sale under GST Laws.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 24 January 2019
As per Rule 46 CGST Act
name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is fifty thousand rupees or more
name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is fifty thousand rupees or more
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 25 January 2019
yes , there is restriction on payment via cash more than 10,000 , not in receiving cash and cash sales .
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