Tcs on motor vehicle
This query is : Resolved
02 June 2016
Dear if booking amount received on 26-05-2016 for Rs 5000/- , balance amount received after 01-06-2016 of Rs 3,95,000/- in different mode of payments cheque / finance. there is no cash payment after 01-06-2016.can I liable to pay TCS on prior payment .
Rupesh Jain
(Expert)
02 June 2016
no, it applicable from 1.6.2016. not applicable transaction before that date.
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