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TCS ISSUES

This query is : Resolved 

One of our suppliers has added 0.10% TCS against the taxable value as follows

Taxable value Rs 1,00,000 ( Rupees One Lacs )
Add TCS @ 0.10% Rs 100 (Rupees One Hundred)
Add IGST 0.10% Concessional Rate Rs 100 (Rupees One Hundred)
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Total Bill Value Rs 1,00,200
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Sales Turnover of the suppliers above Rs 50 lacs and therefore TDS shall have to be deducted @ 0.10% against taxable purchase value.
TDS shall be paid by the customer after debiting supplier’s account by the TDS amount
Who will pay TCS ? Supplier will recover from us TCS
Supplier will pay TCS or Customer will pay TCS




Once TDS applicable no need to pay TCS and TCS not applicable.



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