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TCS Sec.206 (1H)

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(Querist)
30 September 2020 SIR

1) We are providing transport services. Will TCS SEC 206 (1H) be applicable?
2) We are also having trading unit in which we are buying and selling Bio-diesel / Tyres / Spares etc., Can we collect TCS?
3) This section directs to collect the TCS on the payment to be received from the buyer. TCS on Collection means the total bill value I think. So It is levied indirectly on GST also. Is it correct Sir?

Guide me Plz
Thanks in adv
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 September 2020 1 TCS not applicable on such services.
2 TCS applicable on sale of goods for which sale receipts exceed 50 lacs from a person.
3 Yes, GST is included.
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