Section 206C(1H)

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This discussion clarifies the application of Tax Collected at Source (TCS) under Section 206C(1H) when dealing with sales returns. It specifically addresses scenarios involving sales made or consideration received after October 2020, particularly when TCS has already been collected and deposited. The advice indicates that no specific adjustments or refunds of TDS are typically required in these sales return cases.

MUKESH SINGH

MUKESH SINGH (Querist)
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28 October 2020 Kindly advise how to apply TCS under section 206C(1H) in case of sales return received:-
1. Against sales made after October 2020.
2. Sales completed and consideration received after October 2020.
3. Sales consideration was received with TCS and deposited to the department.

PAWAN KUMAR

PAWAN KUMAR (Expert)
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28 October 2020 Dear Sir,
please elaborate the query, since all your 3 points are related to sales return or only point 1 is related to sales return.
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