Sir.
We are supplier of marbles cut piece. In November month we have sold goods to one single party Rs.64 Lacs.in this case TCS is applicable on and in last financial year 2019-20 our Turn over is 5Crore
please suggest
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TCS applicable
Replies (1)
In a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after October 1, 2020 and a seller would be required to collect TCS only if his turnover exceeds Rs 10 crore in the last financial
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