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TCS ON SALE OF GOODS

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(Querist)
27 November 2020 One of our Customer Outstanding receivables of Rs.59 Lakhs as on 30-09-2020 and from 01-10-2020 onwards we are charging TCS @ 0.075 on Sales Invoice.

Kindly advise in the above case how to treat before 30.09.2020 receivables.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 November 2020 TCS applicable on 30/09/20 receivable received on or after 1/10/20.
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MAHESHA R

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MAHESHA R (Querist)
27 November 2020 Dear sir in this case we have collect tcs on full outstanding of Rs 59 Lacks or only 9 Lakhs



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2020 Full 59 lacs TCS applicable.

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