Chintan Bodar (1 Points)
08 May 2019Hello!!
we are dealing with the customers who pays in cash below Rs. 2 lacs for every transactions. However over the period of year these receipts are more than Rs. 2 lacs from a single customers. Please advise whether penalty u/S 271DA will be applicable?
Deepika Dawale
(Finance data)
(284 Points)
Replied 08 May 2019
No. Not applicable if aggregate of bills issued per day and cash received per day both do not equal to Rs. 2 lakhs or more.
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 08 May 2019
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 08 May 2019
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
CAclubindia
