01 October 2020
DEAR SIRS :: THERE IS GREAT CONFUSION ON ADDING TCS ON TAX INVOICES.... (ONE GROUP SAYS ) IS THIS ON TAXABLE VALUE BEFORE TAX OR (SECOND GROUP SAYS ) TCS SHOULD BE ON TOTAL VALUE OF INVOICE ( TAXABLE VALUE + GST )......
I ALSO HEARD THAT TCS ALSO REQUIRED TO BE DEDUCTED AND DEPOSITED ON AMOUNT RECEIVED FROM PARTIES WHERE SALES WERE MADE TO PARTIES PRIOR TO 30-09-2020 BUT WHO CROSSED 50 LAKHS SALES TILL 30-09-2020.... PLEASE CLARIFY... REGARDS
CAclubindia
