Tcs
This query is : Resolved
08 January 2021
We received Rs90 lakhs advance in november 2020 against sale of goods . We could not deliver goods and returned 10 lakhs advance in nov20 and balance in Dec2020. We had previous year sale above 10 crores. How tcs will be calculated in above case. Please advise.
08 January 2021
No need of TCS as entire advance returned no sale happen.
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