Tax collected at source

As per Sec 206C : Every person ,being a seller shall. at the time of debiting of the amount payable by buyer to the account of the buyer , or at the time of receipt of such amount from the said buyer , whichever is earlier , collect from the buyer, a sum equal to 1%  of the purchase price, as income tax....

It means tax is to be collected at the time of debiting buyers account or receipt of advance whichever is earlier....

And payment is to be made within time with  respect to time related to collection of tax...