Tcs u/s 206 c

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Sujoy mondal (Querist)
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24 February 2017 Dear Sir,

If we split invoice below RS.2 lakhs (Actual sale value more than 2 lkhs) but cash collection for the same above RS.2 lakhs then is it attarct TCS?

If we sold amounting of Rs.5 lakhs and same split in 3 invoice ( Two invoice for Rs.1.8 lakh each & one 1.4 lakh) and collction made on same day against 3 different receipt copy then it is applicable TCS for collection of amount above RS.2 lakhs from single party for 3 different invoice?

Ramji Kumar Dubey

Ramji Kumar Dubey (Expert)
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25 February 2017 Sujoy
Section 206 C applicable only in case invoice value exceeds ₹ 2 Lacs against which any amount of cash received is liable for TCS.
Any invoice value below 2 lacs is not liable for TCS.

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