for cash transactions to unregistered person

Bipin Kumar (54 Points)

20 July 2017

I am a wholesaler, how can I give the goods in cash to a unregistered person . Please tell me

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (171384 Points)
Replied 21 July 2017

You raise Tax invoice without GSTIN of purchaser and take cash payment.....

Bipin Kumar (54 Points)
Replied 24 July 2017

I have 20 lakhes sales in a month and if all the goods are sold to unregistered person & consumers then will there be any problem in selling?

RAJA P M ("Do the Right Thing...!!!") (128029 Points)
Replied 24 July 2017

No problem.
But, You can collect PAN details from the customers for above 50k sales. And above 2.50k sales you can show the details to GSTN.....

SUNIL T R (ACCOUNTANT) (22 Points)
Replied 13 December 2018

hi sir,

what is the cash payment limit per day.

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