TCS ON sale of good

This discussion clarifies the rules for Tax Collected at Source (TCS) on the sale of goods. TCS is applicable when the sale consideration received crosses the threshold of ₹50 lakh in a financial year, provided the turnover criteria for the collector are also met. The key question is whether TCS should be deducted from the very first bill of the new financial year or only after the ₹50 lakh limit is breached again.