Tcs

TCS Rates in India:

Note that the interest charges for late payment of the TCS to the Government, for every month delayed is 1%.

TCS Rates Nature of Goods

TCS Rate Alcoholic liqour for human consumption 1%

Tendu Leaves 5% Timber obtained under a Forest Lease 2.5%

Timber obtained by any mode other than Forest Lease 2.5%

Any other Forest produce not being forest timber or tendu leaves 2%

Scrap 1%

Parking Lot, Toll Plaza, Mining and Quarrying 2%

Minerals being Coal or Lignite or Iron ore (applicable from 1st July 2012) 1%

Bullion if consideration exceeds Rs. 2 Lakhs or jewellery, if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash) (applicable from 1st July 2012) 1%

Sale of Cars (both new and old) if Sale is above Rs. 10 Lakhs (applicable from 1st June 2016) 1%

Providing any service (other than payments on which TDS has been deducted) exceeding Rs. 2 Lakhs 1%

Sale of any Goods in Cash exceeding Rs. 2 Lakhs 1%

So sale of Glass & Windows no TCS will applicable......

No. tcs on sale of glasses .

There is no TCS on sale of glasses but if you made cash sale more than 2 lac than it shall liable for TCS asper 260C(1D)

Thanks experts

Thanks experts