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TCS 206C 1H buyer turnover clarification

TDS / TCS 227 views 1 replies
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Tax Consultant
526 Points Posted on 10 December 2020

While considering turnover to calculate TCS, whether 50 lakh receipt is considering all TCS categories or for Sale of any goods alone ?

With Regards,

Subramanya 

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On 10 December 2020 at 20:13 Report
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Tax consultant
5895 Points Posted on 11 December 2020
If trunover of seller is more than 10cr in preceding financial year then TCS is collected on the value or aggregate value of goods is more than 50 lakh in financial years means total sales value minus 50 lakh
rate is .075%
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On 11 December 2020 at 01:34


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