TCS AND TDS ON ELECTRICITY CHARGES


This query is : Resolved 

Quick Summary
This discussion explores whether Tax Collected at Source (TCS) and Tax Deducted at Source (TDS) apply to monthly electricity bills paid by a Public Sector Undertaking (PSU), particularly when the monthly charges are approximately £10 lakhs. The general consensus suggests that TCS is only applicable if the annual electricity charges exceed £50 lakhs, and there's no TDS or TCS on electricity or power in India under normal circumstances.

14 August 2021 WHETHER TCS AND TDS ARE APPLICABLE ON MONTHLY ELECTRICAL CHARGES ( AROUND RS.10 LAKHS PER MONTH) PAYABLE TO SPDCL AND PAID BY PSU.

15 August 2021 TDS and TCS applicable on electricity charges.

O.D.SHARMA (Expert)
15 August 2021 No TDS/NO TCS/NO GST on electricity /Power in india

O.D.SHARMA (Expert)
15 August 2021 TCS only above 50L/YR


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