dear sir if i made sales bil of around 10000 each to party and i received cash against such bill. no of trasaction with same party is more than 50 which aggregating around 490000 i had received cash against all such 50 transaction whether 269ST penalty applicable or not as single day cash receipt against
single day cash bill is not exceeding 200000 and whether all such transaction is to be consider as one single event ??
kindly guid me
"whether 269ST penalty applicable or not as single day cash receipt against single day cash bill is not exceeding 200000?"
NO
"whether all such transaction is to be consider as one single event ?"
NO
CAclubindia
