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TCS under section 206(1H)

This query is : Resolved 

Turnover FY 20-21 More than 10 Crores

Current FY 21-22

Sales made to new customer in 01/04/2021 to 12/05/2021 Rs.51 Lakhs.

should i require to collect tcs @ 0.1% on entire sale amount of Rs.51 Lakhs or Rs.1 Lakhs (51-50).

Please reply.

Collect tax at source on Rs.1 lac, provided the payment is also received from the client.

If we charge TCS on Invoice than ?????

You can do that also but I think reconciliation would be a tedious task because TCS is applicable on receipts only.

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