Sale and purchase of goods or services exceeding ₹2 lakh in cash must be reported on form SFT-013 by the seller. As per the board's plan, details of which have been shared on some tax platforms and are being discussed in industry circles, such transactions need to be inspected closely since it has noticed rampant circumvention of this provision.from Economy-News-Economic Times https://ift.tt/YxHigBm
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