If a supplier from whom we are purchasing goods has charged TCS in his invoice on us , but we have not made the payment against that invoice , then is the supplier justified in not depositing the TCS in the Govt's treasury ?
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Deposit of TCS or TDS
Replies (2)
Quick Summary
Yes. it's justified. Coz tcs is payable to government on payment basis... i.e when buyer pays to seller , only then seller pays to government.
Ok thank you .
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