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Query on Cash Sales
Can a trader / retailer do Cash Sales less than Rs. 2 lakh to Single person in a day. Daily Avg cash sales Rs. 1 lakh approx to different customer, some time bill value EXCEEDS Rs. 20thousand. What measures requires if trader 90% sales in Cash.
Replies (3)
Cash expenditure above 20k is not allowed.
Sale is very well allowed.
cash sales of a single bill shouldn't be more than 2 lacs and cash sales of more than one bill to a same person in aggregate shouldn't exceed 2 lacs. cash purchases shouldn't exceed 10k
Sir, please advice if different Sale bills EXCEEDS Rs 2 lakh limit, is it allowed
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