Collecting PAN from the payer will not relieve you from penalty for non-compliance of section 269ST! You will be charged with penalty of equal amount if the section gets violated. So, don't accept any amount of 2 lakhs or more from any single person or on any single event of any day, from 1st April, 2017.
My question is,if the sale amount agst Invoice 01 is 3 lakhs,cash -1,90,000/- and card 1,10,000/-then the transaction or Invoice is more than 2 Lakhs.In this case,shall we collect KYC and PAN from the customer.
My question is,if the sale amount agst Invoice 01 is 3 lakhs,cash -1,90,000/- and card 1,10,000/-then the transaction or Invoice is more than 2 Lakhs.In this case,shall we collect KYC and PAN from the customer.
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