TCS charged on electricity bill 0.1% on apr&may month related bills, charged in june month bill Dt 05.07.21, Apr to May total bill value 65 lacs, Now in June month bill TDs as 194Q applicable.
how to be done..
pls calrify
01. TCS to be paid or not to vendor
02.TDS to be deducted as per194Q..for June month bill
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TCS charged on electricity bill
Replies (2)
You will get the credit of TCS. upto june. from july onwards 194Q provisions will apply depending on your turnover.
194 Q -Apply 1st , If both buyer and seller come to the same conditions u/s 194 Q & 206C(1H).
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