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TCS Applicability

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Accountant
208 Points Posted on 26 August 2020
is there any TCS applicability on sale of any goods if turnover crossed 10 crore in previous FY...?
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On 26 August 2020 at 12:22 Report
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Practice
4510 Points Posted on 26 August 2020
Originally posted by : Dharmender kumar Jha
is there any TCS applicability on sale of any goods if turnover crossed 10 crore in previous FY...?

Dear Jha Ji

 

Kindly explain to us any goods meaning so that all reputed member can give right opinin

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On 26 August 2020 at 15:46
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Accountant
208 Points Posted on 26 August 2020
Dear,

"any goods" meaning is (Koi Bhi samaan ki bikri).

I think u got it... if not than revert me I 'll explain it to you in more detail
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On 26 August 2020 at 15:55
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Studwnt
1141 Points Posted on 26 August 2020
Yeah from 1st October 2020 it applies...if to a party you made sales of 50 lakhs and above then TCS @ .075 % should be deducted .(applies only when turnover cross 10 crore mark).
14 Reply
On 26 August 2020 at 17:49


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