sir, I want to ask you , of how much amount we can issue sales/ tax invoices in cash(annually in aggregate). also tell what is the maximum amount for which invoices can be generated in cash(per invoice daily)?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 05 June 2017
No such limit for annum. Single bill for any person/party should not exceed 1.99 lakhs on any day. And similarly cash receipts of any such bill/s should not exceed 1.99 lakhs per DAY.
Similarly it is to be interpreted for any event, but such occassion happens rarely in retail trades.
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