TCS on Sale

Hello,

We are company with Turnover more than 10 Cr in FY 19-20. I have few questions regarding new rule on TCS on sales invoice.

1. We have a buyer whose turnover is more than 50 lacs but each invoice doesn't cross the amount of 50 Lacs. Are such invoices liable for TCS?

2. We have a buyer with turnover more than 50 lacs, one invoice value is also more than 50 lacs, say 55 lacs. Is TCS applicable on 55 lacs or 5 lacs?

3. We have received advance payment from buyers in parts for eg for invoice of 59 lacs payment received 10 lacs, 20 lacs and rest after 1st oct how TCS to be duducted?

4. We have received payment against sales in FY 19-20 which is more than 50 lacs from 1 Apr 2020 to 30 Sep 2020. Do we need to add TCS on this receipt also?

Looking forward for resolving these practical issues we have come across while adding TCS. 

Regards

Manjiri Jadhav