Sir,
Am working as an accountant in a jewellery, we had some advance booking promotion.If a customers is making advance payment above 2,00,000.00 and the customer is going to purchase ornaments after 01/04/2017, shall we collect TCS 1% from the customer above this 2 lakh limit.
Sir,
If a customer is paying cash for Rs-1 lakhs,advance bill agst cash Rs-50k and balance for gift voucher purchased agst cah Rs-51 k.Total bill amount Rs-2,01,000.00.Is TCS applicable?
For single bill of more than 2 lakhs per day, TCS will be applicable.
If the customer is purchasing more than 2,00,000.00 but agst two bills,then is it applicable.
Yes, because same person.
THANK YOU SIR...
Most welcome.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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