Our some customers cross the limit of TCS Rs.50 Lakh in current Financial year. And our some ledger have a balance receivable with customer as on 30-09-2020.
We had been starting to charge the TCS on customer invoice whose receivable amount more than 50 Lakh in current financial year.
Now, i want to know about that, should we charge TCS on balance receivable from customer as on 30-09-2020?