Fund transfer in Gst

Aap cash me payment de yaa payment accept kare.. ye aap pe depend karta hai. Only thing is aap invoice ke hisaab se jitna GST samne se liye yaa samne waale ko pay kiya.. utna aapke return me declare krdo.

Agar app kisi se maal kharid rahe ho, ya sale Kar rahe ho, to app cash payment le sakta ho ya cash payment kar sakte ho, isse GST me koe problem nahi ayega
but income tax ke liye app 2,00,000 se jyada cash me payment nahi le sakate, ya 10,000/- se jyada cash me payment nahi kar sakate
So as per income tax provision apko cheque me transaction karna sahi rahega, Jo limit se kam he to cash me kar sakte he

Agree with @ Mr.sagar patel

Thanks

You are most wellcome

As per the Provision of Section 40A(3) of the Income Tax Act 1961, "PAYMENT EXCEEDING Rs. 10,000 in CASH" is disallowed under the Income Tax Act 1961.

As far as the CASH RECEIPTS is concerned, you can accept upto Rs. 1,99,999 from a single person per day by virtue of Section 269ST of the Income Tax Act 1961, failure of which 100% Penalty may be imposed under the Income Tax Act 1961.

Kindly note that there is no CASH TRANSACTION Limit under the GST Law.

Regards,
Shivam RC.