ABHI KUMAR 27 December 2020
if i sale my goods to register gst party means b2b then what is the limit of receipt cash entry in single one day
Sourav (Student) 27 December 2020
In gst there is no such limit, but in income tax you should receive upto 200000 rupees in a single one day u/s 269st
You should receive upto 200000 rupees otherwise penalty would be attracted u/s 271D
Rajeev Brnwal 27 December 2020
Cash receipts,branch transfer are not liable income tax rule 10000 where it is applied in cash payment for expenses single party single day 10000
ABHI KUMAR 27 December 2020
Sir business to business cash limit plz in short way sir recipt cash entry 2 lac or 10000 iam confuse
Sourav (Student) 27 December 2020
10000 rupees is the maximum payment you should pay in a single day
ABHI KUMAR 27 December 2020
To jinse mene 2 lac ek din m agar cash lu to vo kese muje 2 lac de sakte hai jabi payment limit to 10 hajar h
Sourav (Student) 27 December 2020
As per your perspective you should receive upto 200000 rupees means less than 200000 rupees in a day.
And as per your purchaser perspective he should pay maximum 10000 rupees in a day as per IT act.
Think from buyer and seller perspective
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