If turnover does not exceed 10 crore sale of goods is above 50 lakh tcs applicable or not.
Kindly explain to me.
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Quick Summary
This discussion clarifies the applicability of Tax Collected at Source (TCS) on the sale of goods, particularly for businesses with a turnover not exceeding 10 crore. The consensus is that TCS is generally not applicable to the sale of goods under these circumstances, with specific exceptions like motor vehicles. The key factor determining applicability is often the previous year's turnover.