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pavan kumar Palore   17 May 2021

TCS APLLICABLE OR NOT

IF BUSINESS TURNOVER PREVIOUS YEAR IS 5CR BUT CURRENT YEAR WE AXPECTED ABOVE 10CR WE CAN COLLECT TCS

 



 5 Replies

RENU SHARMA

RENU SHARMA   18 May 2021

No tcs will not applicable
1 Like
Sourav

Sourav (Student)     18 May 2021

Yes TCS is applicable
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     18 May 2021

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
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     18 May 2021

No TCS provisions are applicable in your case
Deepak Kumar

Deepak Kumar   19 May 2021

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

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