TCS

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This discussion clarifies the Tax Collected at Source (TCS) rate applicable to the sale of goods for the Financial Year 2021-22, starting from April 1st, 2021. The rate confirmed is 0.1%. Guidance is also provided on how to calculate this TCS percentage when it needs to be applied to invoices.

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(Querist)
02 April 2021 Dear Sir

What is percentage of TCS ? for start to 1st. April-21 ???

and
how to calculate percentage in invoice
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 April 2021 It's 0.1% on sale of goods.
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CA Puja Sharma

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CA Puja Sharma (Expert)
03 April 2021 0.1% on sale of goods for FY 2021-22.

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