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TCS applicable?
Sir- is TCS applicable to goods transfer from one state to another state (i.e HO to Branch office)? Because in GST treated as sales. Pls advice
Replies (5)
1) TCS under GST act or TCS under Income Tax act .
2) Is your branch office registered under GST ?.
Sir TCS ON SALES EFFECT FROM 1.10.20. And registered both office by two GSTIN
Is the value of Goods transfer from HO to branch Rs 50 Lac and above . ?
Yes sir
Sir , TCS above 50 Lac is under the Income Tax act 1961 not under GST act 2017 . under GST act branch transfer is supply but no such provision under income Tax act , so to deduct TCS or not is matter of Clarification from the department only . This is my opinion please confirm with others also .
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