Shiva Dubey (132 Points)
05 December 2022
Yasaswi Gomes new
(Finance )
(4469 Points)
Replied 05 December 2022
Where total turnover is more than Rs.10 crores in the previous financial year and receives sale consideration of any products of more than Rs. 50 lakhs, such seller must collect TCS upon receiving consideration from the buyer on such amount over and above Rs.50 lakhs, , as per Section 206C(IH).
(Without PAN, then 1% is TCS)
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