IF BUSINESS TURNOVER PREVIOUS YEAR IS 5CR BUT CURRENT YEAR WE AXPECTED ABOVE 10CR WE CAN COLLECT TCS
Menu
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.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
