IF BUSINESS TURNOVER PREVIOUS YEAR IS 5CR BUT CURRENT YEAR WE AXPECTED ABOVE 10CR WE CAN COLLECT TCS
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TCS APLLICABLE OR NOT
Replies (6)
Quick Summary
No tcs will not applicable
Yes TCS is applicable
No the TCS not applicable.
In term of Section 206C(1H) , TCS Applicable If Seller of goods having turnover exceeding Rs. 10 crore
in PREVIOUS FINANCIAL year.
So you are eligible to deduct it from FY 2022-23
In term of Section 206C(1H) , TCS Applicable If Seller of goods having turnover exceeding Rs. 10 crore
in PREVIOUS FINANCIAL year.
So you are eligible to deduct it from FY 2022-23
No TCS provisions are applicable in your case
I think YES Tcs is aplicable. a person having turnover/total sales from business exceeding Rs.10 Crores during the financial year (FY) preceding the FY in which goods are sold
When the Seller should collect TCS ?
When the Sales is more that 50 Lakhs with a particular Buyer or Total Sales is more than 50 Lakhs? Pl guide.
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