TCS - DEBIT NOTES

TDS 100 views 4 replies

Can we issue monthly debit notes for TCS , or is it compulsory to charges in invoices only ?

Replies (4)
Yes, You can give monthly once.

But, Better practice is with charge through invoice...
Originally posted by : RAJA P M
Yes, You can give monthly once.But, Better practice is with charge through invoice...

 I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ?? 

Originally posted by : NARENDRA



Originally posted by : RAJA P M



Yes, You can give monthly once.But, Better practice is with charge through invoice...





 I just want to confirm that , TCS Depend on crossing 50 L turnover or 50 L receipts from customer . i think whichever is earlier one should charge tcs , right ?? 

Are You asking about sec 194Q of ITA...??!

TCS is on receipt basis. So charging in invoices is completely an incorrect way to do. Must stick to TCS debit notes only. Also, inform customers about this in advance. Procure TDS TCS declarations for qualifying customers


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register