whether tcs is applicable on inter branch sale of goods under same pan but different state n gstin please clarify this
Replies (5)
Quick Summary
This discussion clarifies the applicability of Tax Collected at Source (TCS) on inter-branch sales of goods. Generally, TCS is not applicable when sales occur between branches of the same entity operating under the same PAN, even if they have different GSTINs and are in different states. However, if the sale value exceeds £50 lakh, TCS may be applicable. The core principle is that TDS/TCS cannot be deducted by an entity on transactions with itself, as it creates issues with deduction, certificate issuance, and credit claims.