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TCS applicable?


RAJASEKARAN (Accounts Manager)     26 September 2020

RAJASEKARAN
Accounts Manager 
 1 likes  58 points

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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

prasad Nilugal (Sr . Accountant and GST Practitioner . )     26 September 2020

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 350 likes  5219 points

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1)  TCS  under  GST act   or  TCS  under  Income Tax  act   . 

2)  Is your branch office  registered  under  GST  ?. 

avater

RAJASEKARAN (Accounts Manager)     26 September 2020

RAJASEKARAN
Accounts Manager 
 1 likes  58 points

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Sir TCS ON SALES EFFECT FROM 1.10.20. And registered both office by two GSTIN

prasad Nilugal (Sr . Accountant and GST Practitioner . )     26 September 2020

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 350 likes  5219 points

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Is  the value of Goods  transfer from HO to  branch  Rs 50 Lac and above  . ?

avater

RAJASEKARAN (Accounts Manager)     26 September 2020

RAJASEKARAN
Accounts Manager 
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Yes sir

prasad Nilugal (Sr . Accountant and GST Practitioner . )     26 September 2020

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 350 likes  5219 points

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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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