A & B are authorised dealers. A is purchased package tour from B then B will collect the TCS as per amendment to sec 206C
My question is, after purchase of package tour from B, A will sell this package tour some customer then is A liable to collect TCS are not ?
Any authorised dealer received an amount or an aggregate of amounts of 7 lakh or more in a financial year for remittance out of India under the scheme is required to deduct 5% TCS. In cases where such remittances not supported by PAN or Aadhaar the TCS rate would be 10%.
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