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TCS applicable?

RAJASEKARAN (Accounts Manager) (73 Points)

26 September 2020

Sir- is TCS applicable to goods transfer from one state to another state (i.e HO to Branch office)? Because in GST treated as sales. Pls advice

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14215 Points)
Replied 26 September 2020

1) TCS under GST act or TCS under Income Tax act .

2) Is your branch office registered under GST ?.

RAJASEKARAN (Accounts Manager) (73 Points)
Replied 26 September 2020

Sir TCS ON SALES EFFECT FROM 1.10.20. And registered both office by two GSTIN

prasad Nilugal ( GST Practitioner & Accounts ) (14215 Points)
Replied 26 September 2020

Is the value of Goods transfer from HO to branch Rs 50 Lac and above . ?

RAJASEKARAN (Accounts Manager) (73 Points)
Replied 26 September 2020

Yes sir

prasad Nilugal ( GST Practitioner & Accounts ) (14215 Points)
Replied 26 September 2020

Sir , TCS above 50 Lac is under the Income Tax act 1961 not under GST act 2017 . under GST act branch transfer is supply but no such provision under income Tax act , so to deduct TCS or not is matter of Clarification from the department only . This is my opinion please confirm with others also .

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