TCS (Tax Collected at Source)
This query is : Resolved
22 January 2022
Hello Team,
I have one query that is TCS Applicable on Credit Notes while in related sales invoice TCS already collected and TCS return also filed..?
I have one query that is TCS Applicable on Credit Notes while in related sales invoice TCS already collected and TCS return also filed..?
22 January 2022
TCS not applicable in such a case.
Message likes :
1 times
24 January 2022
Respected CA R Seetharaman sir, please clarify that If the original sales was on Sep 2021 effected, TCS collected and Q2 filed, then by Nov the same turn as Sales return. In this situation what we can do? This also happen in 194Q TDS. So the proper way of set back in TCS/TDS needed.
24 January 2022
Adjust the TDS/TCS in December quarter considering credit note.
Message likes :
1 times
24 January 2022
Yes sir, we are doing like vise. But when there is no next sale or purchases to the same party it will create problem. Only After when the same occurs, we will adjust it. That's the way we are practicing now sir. Thank you sir.
24 January 2022
You are welcome......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
