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TCS U/S206C(1H)

This query is : Resolved 
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(Querist)
04 October 2020 Sir seek clarification and implementation of TCS on transcation as under :

We purchase raw material material from a party and Invoice back the same after adding our fixed conversion cost without actually receiving any payment ( except a very small amt receivable due to additional conversion fixed.cost). In this case where its like a barter system / job work ( but sales n purchases shown ) are we still liable TCS on the entire sales amount or only the conversion part for.which we actually receive the payment.. please advise..
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 October 2020 TCS applicable only on receipts in a financial year exceed 50 lacs.
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