REGARDING TCS APPLICABILITY OF SELLER OF GOOD
This query is : Resolved
19 September 2023
IF BUYER DOES NOT CUT TDS U/S 194Q THEN SELLER WOULD BE LIABILE FOR CUTTING TCS ON SUCH SALES,
WHETHER SELLER WOULD ALSO GET EXEMPTION LIMIT OF 50L IN SUCH CASE OR WOULD BE DIRECTLY LIABLE TO CUT TCS ON REMIANING AMOUNT OF SALES WHICH BIS NOT CUT BY BUYER?
WHETHER SELLER WOULD ALSO GET EXEMPTION LIMIT OF 50L IN SUCH CASE OR WOULD BE DIRECTLY LIABLE TO CUT TCS ON REMIANING AMOUNT OF SALES WHICH BIS NOT CUT BY BUYER?
20 January 2024
https://taxguru.in/income-tax/tcs-sale-goods-section-206c1h-faqs.html#:~:text=Who%20is%20required%20to%20collect,Tax%20Act%20from%20the%20buyer.
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