206c Ih , 194Q

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RAMESHKUMAR (Querist)
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07 January 2022 Case 1: A supplier having sales 10 cr above in a year., He was Sell and purchase from same Party had transaction of payment and receipt to be done 50 lakh above in a year.,
a) how to rise payment with tds or without tds?
b) Can supplier do to collect TCS also?

Case 2: A supplier having sales 10 cr above in a year., He was Sell and purchase from same Party or exchange the goods both of 50 lakh above in a year., and No payment and receipt to be Made, how to deduct TDS , Collect TCS?

Kindly give an advice dear experts

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2022 Case 1
a Make payment for purchase with TDS.
b Collect TCS on supply.

Case 2
Collect TDS on purchase and TCS on in case of adjustment also.

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