TCS section 206(1h)

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This query is : Resolved

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This discussion addresses the applicability of Section 206(1H) of the TCS provisions, particularly concerning the 1st October 2020 effective date. Despite requests for clarification or deferral from CBDT to the Ministry of Finance, no official guidance has been issued. The consensus is to proceed with applying the provision and charging TCS on invoices unless an extension is officially announced.

CA Parul Saxena

CA Parul Saxena (Querist)
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29 September 2020 Whehther this section is going to applicable since 1st oct 2020? As request has been raised by CBDT to Ministry of Finance to issue clarification or defer the provision further...but till date no such clarification regarding this provision is issued...

So we should go ahead to apply this provision?
TCS is supposed to be charged in Invoice itself?