we are the seller and our customer given the declaration as per 194Q sec.but total receipt from them is 75lakhs in that 26lakhs for post July bills. And they aren't not deducting tds.becauseour sales to them have not crossed. pls check and confirm!
in this case.1) whether buyer have to collect TCS on receipt for prior to July bills.
2) or threshold limit is crossed including for post July bills payment so now receipt is 49 lakhs.
what to do now?
CAclubindia
