Cash Transaction

Avijit Bera
watch_later 4 months, 1 week ago

cash limit of per day cash transactions of goods sales. 

1 Answer

GST Payer watch_later 3 months, 3 weeks ago

There is no limit on cash transaction for sales. You can do as many sales in cash as you want.

However there are rules in Income Tax where you need to file a form with details of cash sales more than  2 lakhs to a single person in a year.

So, there is no issue in cash sales but you have to report these sales to IT department.

Did not get an answer? Ask your Question

You need to be logged in to answer.

Ask Question