Tcs on goods

obalreddy (accountant) (282 Points)

31 October 2020  

Dear all members

my company is purchased dell towers its cost of all inclusive 25,96,000/- lakhs

product price: 22,00,000/-

cgst+sgst:          396000/-  

tcs 0.075%            1650/-

tcs is collected on product price

its bill is correct or wrong please clarified

i think for the year above 50 lakhs above turnover for one customer its is collected on tcs 0.075%

please clarified above doute

Thanking you

for G.Obal reddy