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Tcs on amount received from buyer

BELIM IRSHAD (12 Points)

14 August 2021  
if we receive amount from buyer which goods sale of period 1 apr 21 to 30 june.
is tcs applicable this amount which receive after 1st July 21?

 1 Replies

CMA Poornima Madhava (CMA) (12987 Points)
Replied 14 August 2021

In this case, since the buyer is not liable to deduct tax at source u/s 194Q, TCS u/s 206C(1H) would apply.

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