TCS @ 0.1%
This query is : Resolved
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07 February 2021
Dear Experts,
For Example, There are Two Companies ( A Ltd & B Ltd) of the Same group of the company. They have the same PAN number but GSTRIN numbers are different. We have collected the Sales receipt of 30L from both, A Ltd & B Ltd. For TCS @ 1% (o.75% due to Covid relief), Should I consider consolidated receipt amount or Individually?. In my view, I have to consider the Consolidated amount.
For Example, There are Two Companies ( A Ltd & B Ltd) of the Same group of the company. They have the same PAN number but GSTRIN numbers are different. We have collected the Sales receipt of 30L from both, A Ltd & B Ltd. For TCS @ 1% (o.75% due to Covid relief), Should I consider consolidated receipt amount or Individually?. In my view, I have to consider the Consolidated amount.
07 February 2021
In case of single PAN consider consolidated receipt.
Single PAN not possible for two companies of same group.
Single PAN not possible for two companies of same group.
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