Hi
is there any limits to accept cash aganist sale of good in India. If yes under which law. Please help
Cash Sale in excess of Rs. 5 Lakh?tax credit
is there is no such law except if u r having bills and paying cst or vat u can accept cash there is no problem
Cash Sale in excess of Rs. 5 Lakh? loan
if u are recieving cash -any amount is no problem
but if you are making payment - u are accountable above 20000/-|||suppose,if the sale of textiles in a textile retail shop it will be cash only, unavoidable: even if you are getting cash sales in any business, get the PAN number of the buyer, and remit the cash in your bank account and make the accounts:
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