TCS @ 0.075%
This query is : Resolved
23 December 2020
Dear Sir,
We are deducting TCS @ 0.075% from 01.10.2020 onwards on supply of goods.
Kindly advise is it required to deduct balance outstanding as on 30.09.2020 is also applicable TCS.
Best regards
Mahesh
We are deducting TCS @ 0.075% from 01.10.2020 onwards on supply of goods.
Kindly advise is it required to deduct balance outstanding as on 30.09.2020 is also applicable TCS.
Best regards
Mahesh
23 December 2020
TCS is to be deducted on payment only. For balance outstanding, if the amount received on or after 01.10.2020, TCS is to be deducted
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